Bar Mitzvah Portfolio Growth

A story about how Shaan's friend turned his Bar Mitzvah gift into significant wealth through early investing.

"My buddy had around $10-12K from his Bar Mitzvah money when he was 13. By the time we were in college, he had a portfolio worth a quarter million dollars. I asked him how he had all this money, and he explained it had been compounding for about 10 years.

One of his family friends didn't even give him cash - they gave him stock in a biotech company they believed in. That biotech company ended up 10x-ing in 7 years. So by college, he had $200,000 if we wanted to start a business. It was such a hack - getting that early start with investing and letting compound interest work its magic."