Gates had been acquiring farmland for years, mostly through various Cascade subsidiaries. The mogul’s holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. With the Washington state acreage and other recent additions to his portfolio, O’Keefe calculated, Gates now owns at least 242,000 acres of American farmland.
When Magnus Carlsen prepared to take on India’s Viswanathan Anand for the 2014 World Chess Championship in Sochi, the Norwegian champion had a Russian asset in his corner. His name was Ian Nepomniachtchi, an up-and-coming grandmaster Carlsen had handpicked as one of his “seconds”—a term for the elite players who moonlight as study companions around the biggest matches.
The bottom line: Diversification, time in the market and a steady head can help investors achieve their long-term financial goals by avoiding the pitfalls of emotionally driven, badly timed mistakes. When times get tough in markets and make you feel nervous, remember the lessons from tried-and-true investing principles.
When Russian paratroopers attempted to seize Hostomel Airport northwest of Kyiv, which would have allowed them to airlift in troops to take the capital. But the paratroopers landed well ahead of the invading force, had little air cover and ended up in a violent struggle with the Ukrainian military that left the airport unusable. The Russians were forced to transport their troops over land.