Sometimes, valuable insights about investing can be derived from unlikely sources. According to published reports, the largest home purchase in U.S. history recently closed. The property is an 18-acre estate located in East Hampton, N.Y. The purchase price was an astounding $147 million.
Was the purchaser a famous industrialist? The inventor of an amazing new product? A Silicon Valley entrepreneur who made a fortune in an initial public offering? The founder of a company who had worked all his life and is now looking forward to a happy retirement after selling to a conglomerate?
Read the rest of the article on the Huffington Post.