“From 1957 to 2007, it was the best-performing stock in the United States, delivering extraordinary returns1. A $1,000 investment in 1925 would have grown to nearly $380 million by 2007, and close to $1 billion today when dividends are reinvested. I have always told my children that smoking is the 2nd most stupid thing you can do, second only to trading the stockmarket using charts”
The absurdity in claims like this, about any company, is realised by looking at the company’s market cap, and its list of top holders — perhaps looking for individuals with $1B holding.
In any case, this is arguably the 2nd most stupid suggestion on how to become a billionaire. The number one on the list is how to get rich playing roulette using Martingale double up strategy.
(20min delay)