Brooklyn guy goes to Afghanistan, comes home $250,000 richer

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  1. longknife
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    longknife Platinum Member

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    While on first tour in Afghanistan, stock market began to crash and Spec. Peter Latourette bought low, following Warren Buffett's example
    NEW YORK DAILY NEWS
    Sunday, October 7, 2012, 3:00 AM

    Peter Latourette
    Mark Bonifacio/New York Daily News
    [​IMG]
    Spec. Peter Latourette of the Army Fighting 69th Infantry National Guard is glad to be home in Bay Ridge, Brooklyn, and glad to be $250,000 richer.

    Call him a soldier of small fortune.

    In September 2008, Spec. Peter Latourette of the Army Fighting 69th Infantry National Guard had just begun his first tour in Afghanistan when the stock market began to crash.

    There he was, in a base camp in the unforgiving mountains that Alexander the Great failed to conquer, with a laptop and a time-honored Wall Street idea — buy low. He got online and wired $10,213 to his Fidelity broker to buy stock in Ford, then trading at $1.50 per share. “I had joined the National Guard to get the $15,000 signing bonus,” he says. “And when the market crashed, I used the Graham-Dodd theory — endorsed by Warren Buffett and Mexican billionaire Carlos Slim — to buy when the market is crashing.”

    Three years later, Latourette got two pieces of good news: He was going home to his wife and daughter in Bay Ridge — and he was a quarter million dollars richer.

    Read more: Brooklyn guy goes to Afghanistan, comes home $250,000 richer - NY Daily News

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