You may think billionaires have a natural advantage in the investment business. They do. They are offered deals never available to you and me. But that’s not all. Case-in-point. Consider Warren Buffett, one of the richest men in the world. He is known for taking over companies by buying a controlling share of their stock. He did it again this year. He privately bought about 20 million shares of Krogers for about $25+/share. This expense cost him about $450,000,000. So what happened? The shares, in the past three months have risen about 16% to $33/share, implying his investment has already accrued at least $70,000,000. In addition, he gains $40,000,000 in dividends. That is a considerable increase (more than 20%) on his original investment - in just a few months. But why did the stock go up so much? Because he announced that he bought the stock. That meant thousands of others piled on hoping to cash...
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