In May 1972, Ken Langone took over a tiny medical device company in San Diego through a proxy fight. The company had a market capitalization of $1.5 million. In Nov. 1977, Eli Lilly acquired it for $50 million in Lilly stock.
That is how the 91-year-old billionaire and Home Depot co-founder came…
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91-year-old billionaire investor Ken Langone has made a remarkable prediction for Eli Lilly shares, which he has held for almost half a century and never sold even during sharp declines. Langone explained the level he expects for the next 3-4 years, outlining the reasons behind his prediction.