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Joshua Kennon
Thoughts on Business, Politics, and Life from a Private Investor
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Daily Archives: June 28, 2011

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Brasfield & Gorrie

Miller Gorrie Built His Entire Fortune on a Small Block of IBM Shares

Case Studies & ProfilesBy Joshua KennonJune 28, 20113 Comments

In 1960, Miller Gorrie was around 25 years old.  Throughout his life, he had taken his earnings from paper routes and poured them into IBM stock, which had compounded at 20%+ for many years.  This led to the young man possessing a portfolio worth more than $100,000, which adjusted for inflation, is more than $728,000…

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