In 1950, Sam Walton was 32 years old and had spent the five or six years working for himself building a Ben Franklin retail store in Newport, Arkansas. His talent had already begun to show and his little business became the most successful five-and-dime in the state, generating $250,000 in annual sales and $30,000 to…
From the time I was a kid and had only a few thousand dollars in the bank, I have wanted a Bosendorfer Strauss model grand piano, probably in a 7 foot size (which is comparable to a Steinway & Sons Model B semi-concert grand). Yet, the list price is $111,080 plus you’d be looking at sales tax of roughly $8,331 for a grand total of $119,411. The time value of money opportunity cost of buying a Bosendorfer Strauss grand piano, then is enormous.
Here’s how you can find investment ideas using an example from my own family’s experience running a successful sporting goods store.