If You Invested $5,000 in Blackstone in 2012, This Is How Much You Would Have Today
The secret to building wealth in the stock market is simple: Invest in great companies at good prices, and let time work for you. As Warren Buffett once said: "Time is your friend; impulse is your enemy. Take advantage of compound interest and don't be captivated by the siren song of the market."
With that said, I still find it surprising how a little patience can turn a modest investment into serious cash. For example, an investment in Blackstone (NYSE: BX) 10 years ago would have multiplied your initial investment several times. Read on to see just how much a $5,000 in the asset manager a decade ago would be worth today.
When pension funds and other institutional investors want to spread their money across different investments, they turn to Blackstone for its alternative investment options.
Source Fool.com
