Early Life and Career
Stewart Horejsi, born in 1942, began his career in the family's welding supply business in Salina, Kansas. Facing challenges from competitors, he sought alternative investment strategies to grow his wealth. Inspired by Warren Buffett's investment philosophy, Horejsi began purchasing Berkshire Hathaway shares in the early 1980s when the stock was trading around $300 per share.
Rise to Success
Horejsi's investment acumen was not in short-term trading, but in the long-term holding of a high-quality company. Horejsi's commitment to buying and holding Berkshire Hathaway shares was a pivotal move. He recognized the intrinsic value of the company, underpinned by its strong insurance operations, strategic acquisitions, and the investment prowess of Warren Buffett. His early conviction in Warren Buffett's leadership and his willingness to hold through decades of market fluctuations showcased a level of foresight that few investors possess. As Berkshire Hathaway grew, so did Horejsi’s wealth. The shares he purchased for under $300 each are now worth $522,000.
Key Business Strategies
Horejsi’s strategy was straightforward: invest in Berkshire Hathaway and let Warren Buffett manage the compounding of wealth. He consistently bought Berkshire Hathaway stock and held it for the long term. His approach was based on value investing, understanding the intrinsic value of an investment and viewing market downturns as opportunities to buy quality assets at a discount. He has invested in real estate, private businesses, and diversified portfolios that reflect his conservative yet opportunistic approach to wealth building. Horejsi’s approach became a blueprint for others to emulate, showcasing that significant wealth could be built through patience and disciplined investment.
Philanthropy
While specific details about his philanthropic endeavors are not widely publicized, Horejsi's investment success has allowed him to support various causes, aligning with his commitment to financial stewardship and responsible wealth management.