You know the old saying, "the rich get richer..." Well, when it comes to Bill Gates, it surely is true.
He amassed a multi-billion dollar fortune when he ran Microsoft Corp. (Nasdaq: MSFT),
and he's making a lot more money through his two investment firms,
Cascade Investments and the Bill & Melinda Gates Foundation Trust.
(Credit also goes to a savvy right-hand man, Michael Larson, who by one recent account, has helped Gates grow his post-Microsoft nest egg to $82 billion from $5 billion.)
That's why so many investors track the ongoing portfolio moves by
Gates, Larson and their team. Simply following in their wake can help
generate solid portfolio gains. But there's a catch. These folks don't
make short-term trades, they make long-term investments. I profiled that
approach a few years ago as Gates and his team kept buying shares of AutoNation, Inc. (NYSE: AN), even as shares repeatedly hit new highs. (more)
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