Had he been of a different temperament when he entered the University of Wisconsin in 1953, David Falk of Hampton, Va. might have been satisfied to stretch the $5,000 his father had given him to cover his next four years. But instead of making a budget, Falk decided to indulge in a bit of extracurricular tycoonery.
He spent his nest egg as down payment on a rooming house, which he remodeled in his spare time and soon had filled with students. With the profit he made, he bought 47 acres of land, cut them up...
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