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"Are These the New Warren Buffetts?" (Fortune Magazine 1989)


BargainValueHunter
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http://money.cnn.com/magazines/fortune/fortune_archive/1989/10/30/72667/index.htm

 

Wouldn't you like to become partners with someone who would double your money every three to four years ad infinitum? To put it another way, wouldn't you like to invest with the next Warren Buffett? Riches come to investors who, early in their lives, find great money managers. Buffett is certifiably one of the greatest. His early clients are now worth tens of millions of dollars (see box). He achieved that by compounding money consistently and reliably at about 25% per annum. The young investors you will meet here show signs of comparable talent. But even if they can return only 20% a year -- most have done at least that well so far -- $10,000 invested with them today would be worth $5.9 million in the year 2025.
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