William Nickerson

[Tom Bujnowski]

I'm a big fan of his strategy of investing. I've also read his book. Does anyone know the back ground of how he developed the pyramiding strategy of buying small income properties adding value through physical improvement and rent increases, then selling the property and taking the proceeds to put as a down payment for a bigger property.

The reason I ask - He wrote his book in 1959 when investing was more "raw" than it is today. Not a lot of material - to my knowledge - was available. Did he have a mentor? Or was he just smart and logically came up with this strategy?