Horejsi, a self-made billionaire, owes his success to one smart investment that changed his life. In the 1960s, he joined his family’s welding company after graduating from the University of Kansas. But when the business faced challenges in the 1980s, Horejsi turned to “The Money Masters” by John Train, which outlined investment strategies of some of the world’s most successful investors, including Warren Buffet. Inspired by the book, Horejsi purchased his first 40 shares of Berkshire Hathaway Inc. for $265 per share, eventually owning up to 5,800 shares.
These shares, worth under $500 when purchased, are now worth around $500,000 each, making him a billionaire. Although he admires and emulates Buffet, Horejsi recognizes the importance of diversifying investments and suggests investing in promising companies before they hit the stock market, something that is now possible through platforms like StartEngine and Wefunder.
