Ken Langone
👤 SpeakerAppearances Over Time
Podcast Appearances
It was May of 72.
Lilly gave us a million and a half shares of Lilly stock worth $37.50 a share of our stock per share, roughly that.
And Lilly paid a dividend.
So the dividend was a nice thing, the little bit of income.
Lilly stock has split over all those years from 77 to now, 16 to 1.
So the 3.5 shares, 6, 9, is 24 million shares.
Okay?
You ready now?
$18,360,000,000.
Now, catch this.
Lilly stock from 77 to 0.2.
One from 37 who got to his eyes, $109.
From 02 to 18, the stock did nothing.
It was a 109 and 02, and it was 109 and 18.
However, going back to 77, November 30, 77, until last August, counting the dividend, including the 16 years of nothing, it compounded at 15% a year.
You're a home run.
Every stock I own compounded at 15%.
I spent a lot of time with companies.
I get to know the managements.
My first and my major and my principal concern is people.