Warren Buffett is perhaps the greatest investor of all time, and he has a simple solution that could help an individual turn $40 into $10 million.
A few years ago,
Berkshire Hathaway (
NYSE: BRK-A ) (
NYSE: BRK-B ) CEO and Chairman Warren Buffett spoke about one of his favorite companies,
Coca-Cola (
NYSE: KO ) , and how after dividends, stock splits, and patient reinvestment, someone who bought just $40 worth of the company's stock when it went public in 1919 would now have more than $5 million.
Source: Coca-Cola.
Yet in April 2012, when the board of directors proposed a stock split of the beloved soft-drink manufacturer, that figure was updated and the company noted that original $40 would now be worth $9.8 million. A little back-of-the-envelope math of the total return of Coke since May 2012 would mean that $9.8 million is now worth about $10.8 million.
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