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Q&A With American Pie’ Singer Don McLean: How He Made $150 Million And Invested It

TedTed
in Fund Discussions
FYI: McLean talks with MarketWatch about the only two stocks he owns, the meaning of ‘American Pie,’ and why he’s never had an assistant.

In 1971, Don McLean released the album “American Pie,” and the title song became one of the most famous — and successful — ever made. It came out at a time of major political and social upheaval in America, and captured a feeling of loss. The song runs for over eight minutes, and is No. 5 on the list of best songs of the 20th century. Now 73, McLean talked with MarketWatch about his most famous song, and a wide range of other topics, including money, stardom, and the music business today.
Regards,
Ted
https://www.marketwatch.com/story/american-pie-singer-don-mclean-has-made-150-million-in-his-career-heres-what-hes-done-with-it-2019-03-25/print

Comments

  • StarchildStarchild
    He's currently dating a 24 year old model. He might have to start cashing in some of those bonds to afford her.
  • MarkMark
    Next up "Alice's Restaurant"
  • rforno

    I applaud his approach (and the debt-free thing) but can't help noting he was doing bonds during a MAJOR bond bull market. Heck if I could get 10, 15, or 20% in quality gov bonds now like they were back in the 70s and 80s I'd sell everything and move into them, too.

    It's like this past 10 years ... lots of folks probably think they're awesome stock pickers and/or savvy investors when the "rising tide" pretty much lifted all equity boats post-GFC.
  • PRESSmUPPRESSmUP
    edited March 2019
    rforno said:


    I applaud his approach (and the debt-free thing) but can't help noting he was doing bonds during a MAJOR bond bull market. Heck if I could get 10, 15, or 20% in quality gov bonds now like they were back in the 70s and 80s I'd sell everything and move into them, too.

    But I give him great credit for knowing that it's not how much you make, it's how much you keep. That might be from the finance background. Once you have a good sum of money, the objective is to keep it.

    What a great voice he had/has...though "American Pie" was not my favorite song of his. That choice has to go to his cover of Roy Orbison's "Crying".



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