Subscribe
Share
Share
Embed
Grace Groner bought three shares of Abbott Laboratories for $180 in 1935. When she died at 100 they were worth more than $7 million. A business, a skill, a friendship and a habit compound the same way if you keep showing up for years.
Show Notes
Grace Groner bought three shares of Abbott Laboratories for $180 in 1935. When she died at 100 they were worth more than $7 million. A business, a skill, a friendship and a habit compound the same way if you keep showing up for years.
Featuring: Grace Groner, Jeff Bezos
Brought to you by:
Trends.vc: Discover new markets and opportunities.
HeadsUp: Know when your competitors move. Before your customers do.
Multi: Turn any content into a YouTube video.
Chapters:
(00:00) Selling a property and going back
(00:16) What compounds besides money
(00:22) Quitting daily writing in my 20s
(00:31) Grace Groner's three Abbott shares
(00:50) Before you sell or quit
Where to find Dru:
I write an essay daily. Get them free
Follow me on X
Watch my video essays on YouTube
Follow Dru's Notes on Apple Podcasts or Spotify
Subscribe to Dru's Notes for a new episode every day.
Creators and Guests
What is Dru's Notes?
One mental model each day in a few minutes. Habits, business, building products and thinking clearly. From Dru Riley, founder of Trends.vc.
"All overnight success takes about 10 years."
Jeff Bezos
I sold a property 10 years ago and went back today to see what I gave up.
New shops line the streets now. The blocks have filled in tight and everything I'd need sits a short walk away.
A business compounds like that if you keep showing up for years. So do a skill, a friendship and a habit.
I quit daily writing in my early 20s.
For years my learning slowed. Much later, I traced the slump back to the writing I dropped.
Grace Groner let one stock compound for 75 years.
In 1935 she was a secretary at Abbott Laboratories and bought three shares of the company for $180. She held them and reinvested each dividend.
When she died at 100, those three shares were worth more than $7 million.
Before you sell or quit something that's working, picture it ten years from now.
What's working that you should commit to for the next decade?