No. of Recommendations: 17
Ben, of the ones I inherited in 1975:
Coke
Pepsi
Berkshire
The above in a trust until I turned 30, I was a teenager in 1975.
Norfolk Southern
Norfolk inherited from granny, who outlived here husband (who bought the stock) and my mother and father. I got the stock in 1976.
I have posted through the years on the Berkshire forums about this, probably as far back as the mid 1990's. Each time I do I get both doubters and those exclaiming "Well, while I didn't inherit huge amounts...I made my way on my own..." and such. A good thing before stating such about me (should anyone decide to go this route) would be to check the stock price of Berkshire in 1975. My BRK inheritance was tiny...even back then.
But in any event a man named Marshall Johnson (obituary posted below) put all his clients into Berkshire. A story I have told here many times: I went to work for Marshall after college as an insurance and bank analyst and one day he says excitedly, "Update the legal sheet (we put out research on an electric typwriter on legal paper) on First Citizens North Carolina...that 'crackerjack' Buffett has just bought a slug of the stock from the trust department (which Marshall handled) at High Point NC Bank and Trust at 50% of tangible book value." Yep, same bank in the news today.
I have a 100 bagger too (now sold) in Enphase, but that was bought just a few years ago. I also have a 100 bagger in Old Dominion Freight Lines (the CEO was at one time in my investment club) and have a couple more stocks near 100 baggers such as Lowe's and AJ Gallagher.
I also have some gone to zero stocks including Bank of Granite, whose CEO Buffett had stand up in the late 1990's at the annual meeting. Buffett praise him, which he should. John Forlines was his name. John retired and his long (30 year) 2nd in command Charles Snipes became pres. Charles bankrupted Bank of Granite in 5 years or so.
Rambling, have a good day.
https://www.legacy.com/us/obituaries/greensboro/na... 