One of the richest men in the world, Warren Buffetts is undoubtedly one of the greatest investor of all time, has tabled to the public a simple solution that could help an individual with just $40 make $10 million.

A few years ago, Berkshire Hathaway Chairman and CEO Warren Buffett divulged some shocking informations about one of his favorite companies:Coca-Cola to be precise, how after dividends,

stock splits, and patient reinvestment someone

who bought just $40 worth of the companys

stock when it went public in 1919 would now have more than $5 million.

Source: Coca-Cola.

Yet in April 2012, when the board of directors

proposed a stock split of the popular soft-drink manufacturer, that figure was updated and the company noted that original $40 would now be worth $9.8 million. A little back-of-the-envelope math of the total return of Coke since May 2012 would mean that $9.8 million is now worth about $10.8 million.

The power of patience

Sure, you’d have to hold that stock position for

just under a century, but I think we can agree

that the return is worth it. Especially when you

consider that today the $5 million Buffett

mentioned equates to $10.8 million. Imagine

that: an eight-figure sum from just 40 bucks!

I’d be lying if I said that $40 in 1919 wasn’t

drastically different from $40 today. So let’s

adjust for inflation and call it $540 in todays

money. That means for the price of a new iPad,a diligent investor could find his way into nearly

$11 million.

Pretty good, wouldn’t you say?

Warren Buffett thinks so. He would make that

kind of investment 10 times out of 10. And he’s confident that you can do the same, as long as you have the right mindset and a little patience.How to invest for the long term

There’s one small speed bump on the road to

investment riches, however: there are literally

thousands of things that could go wrong with a

company at any given moment. Meaning you

could wake up one day and find yourself looking

at 50% loss instead of a 50,000% gain.

So how do we find the Coca-Cola in a sea of

Zyngas?

Well, the best companiesthe ones that turn a

couple hundred bucks into millionshave what it

takes to win over the long run. Meaning,

investors should be looking for rock-solid

business models backed by exceptional

leadership.The rest is easy just buy and hold even when

times get tough.

As Buffett says, if youre right about the

business, youll make a lot of money. So you can forget about poring over stock charts and

panicking at every dip. If you’re right about the business, like Coca-Cola, you’ll come out on top.And one day, you may well find that today’s $40 turned into millions.

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