Legends Of The Wall Street
Top 10 Greatest Investors Of All Time: Legends Of The Wall Street
Jun 29, 2020
There is no single, straightforward formula to make big money in the market. Each money manager has their own set of strategies and philosophies that helped them create stupendous wealth. And some of them went on to become legends by consistently outperforming the markets for long periods. Here we take a look at the top 10 greatest investors of all time.
A lot of money managers outperform the broader market for short periods. But there are only a few who have generated massive wealth for themselves and their investors by beating the market over decades. It's almost impossible to compare the performance and track record of legendary investors because they operated in different economic, political and regulatory environments, and they employed different strategies at different times. Anyway, we have attempted to list the ten greatest investors of all time here. Check out the list.
10- Michael Steinhardt
Forbes magazine has called Michael Steinhardt "The Greatest Trader in Wall Street History." He launched the hedge fund Steinhardt Partners in 1967. Between 1967 and 1995, the hedge fund delivered a staggering 24.7% annualized return for investors, after fees.
Steinhardt took 20% of the profits. A $10,000 invested in Steinhardt Partners in 1967 would have grown to $4.8 million in 1995 when he closed his fund. That's impressive, especially considering his fund had lost one-third of its value during the 1994 bond market crisis.
9- Philip Fisher
Philip Fisher is the author of the book Common Stocks and Uncommon Profits. He launched his own money management firm Fisher & Company in 1931, right in the middle of the Great Depression. He led the investment firm until his retirement in 1999 at the age of 91.
Fisher is considered the pioneer of "growth investing." He famously purchased the Motorola stock in 1955 when it was a radio manufacturer and held it until his death in 2004.
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