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.

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Source Fool.com