Best-selling smooth jazz musician Kenneth Gorelick, affectionately known by his stage name, Kenny G, doesn’t drink coffee, but he does own some. Are you buying it? Actually, you probably are.
That’s because it’s not just ANY coffee business–it’s Starbucks. As an early investor in the Seattle chain, Gorelick’s stock soared after the company’s IPO — up 12,000%. Gorelick has even said he was part of inventing the iconic Starbucks Frappuccino.
While his music earnings have spiraled downward due to digital downloads and music piracy, Gorelick’s stock portfolio has only gotten bigger. In fact, Kenny G investing in these areas has proven to be a sound strategy for him, earning him at least as much as his Grammy- winning music career. He’s also made a successful investment in United Airlines.
You may also like, “Embrace Your Inner Child with Tangible Assets“
Kenny G talked to Reuters and CNBC about his investment acumen, and it appears we can learn a few things from him:
You may also like, “Do Tangible Assets Outperform Stocks and Bonds?“
Not all of us can be successful jazz musicians like Kenny G, but if we take “note” of his investment strategies, we may see our own portfolios grow and flourish–just like Kenny G.
Then sign up to receive our weekly Financial Poise newsletter, our take on the most relevant and topical business, financial and legal issues affecting investors and small business owners.
Always Plain English. Always Objective. Always FREE.
Financial Poise provides relevant, plain-English intelligence and continuing education for investors, private business owners and executives.
3 Overseas Markets (That Still Are) Terrific Investing Opportunities
Wealthy Still Investing In Stamps Amid Overall Slide in Value
Business Transition and Exit Planning: Welcome to the Jungle!
Accredited Investors: Know Your Online Securities Intermediary
Critical Considerations When Selecting a Private Equity Manager
Can You Get Wealthy Buying Farmland as an Investment?
Please log in again. The login page will open in a new window. After logging in you can close it and return to this page.