What now for homeless vet's good-deed windfall? | Editorial

Only the Grinchiest among us would see a happy holiday story as nothing but a remarkably effective investment strategy: how to turn $20 into $400,000 in barely a month.

Actually, once-homeless Good Samaratin Johnny Bobbitt Jr. has outperformed financial guru Warren Buffett. If you bought one share of Berkshire Hathaway stock at $19 in 1964, it was worth just $172,000 in 2016 — 52 years later.

The basics of Bobbitt’s good deed have gone viral and now are well-known. Living under an Interstate 95 bridge in Philadelphia one night several weeks ago, Bobbitt spotted a stranded female motorist on the …read more

Source: NJ.com Gloucester

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