As I continue my investigation into investing , I came across some inspiring investors. These philanthropic investors use their wealth or knowledge to help others build a better life.
For anyone who has remotely looked into investing, it would be difficult not to come across Warren Buffet. Considered one of the most successful investors in the world, his success has taken him in to the top three wealthiest people in the world.
Now a billionaire, Warren is also a Philanthropist pledging to give away 99% of his good causes. He also founded The Giving Pledge whereby billionaires pledge to give away half of their fortune.
I also came across Paul Mampilly who writes for Banyan Hill. Here’s a guy who retired at 42 from the Wall Street to focus on his family – yes, we’ve heard it all before. But Paul is different. Paul is using his insider knowledge to help the man on the street invest more successfully.
Why does he do this? Quite simply he wants to share his knowledge with people who can’t normally get help from someone with his experience and he also wants to share his love of investing with others, so they too can both understand and gain from this.
He understands that many beginner investors are not sitting there with pots of money to invest. They usually have smaller amounts and are usually those who are only just earning enough to get by.
Paul has worked in many areas of finance – as a portfolio manager, trader and analyst – and now he writes Profits Unlimited, a subscription newsletter where he shares his recommendations for upcoming investments.
An American-born British Investor whom Money Magazine named as “arguably the greatest stock picker of the century”. By buying 100 of each New York Stock Exchange listed companies which were selling shares for less than $1 a share during the depression, he made his money back many times when industry began improve following World War Two.
Said to be one of the most generous philanthropists in history, he gave away over $1 billion to charitable causes.
Known mostly for his business ventures, Richard is also a successful investor, favouring business start-ups.
Richard is involved in a number of humanitarian initiatives such as the International Centre for Missing or Exploited Children, joining in a hunger strike in protest against the Sudanese Government, joining forces with the African Wildlife Foundation to bring awareness of poaching and trafficking and pledging £3 billion towards addressing global warming.
I am sure there are many others but these are four investors whose backgrounds and stories really resonated with me. I think it is great when those who have more help those who have less. It doesn’t have to a monetary gift, it can be the gift of knowledge too. This reminds me of one of my favourite proverb ‘Give a man a fish and he will eat for a day. Teach a man how to fish and you will feed him for a lifetime.