Grace Groner was a lesser-known investor who embodied the principle of buy, hold and reinvest. She was not a fund manager and had little financial training, but Groner worked as a secretary at Abbott Laboratories (NYSE:ABT) for 43 years. Early in her career in 1935, she invested $180 in three shares of Abbott. She never sold and instead opted to reinvest all of her dividends. After 75 years, she had $7 million. Lesson 1: Reinvest your Dividend Income, Lesson 2: Make Reliable Investments and Lesson 3: Ignore Short-term Fluctuations
Source: Dividend Investor
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