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14 sats \ 3 replies \ @orangecheckemail_isthereany 4h \ on: There Will Never Be Another Buffett (WSJ, Jason Zweig) econ
What if you'd simply bought gold when he started his fund, instead of investing it with him?
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0 sats \ 2 replies \ @denlillaapan OP 4h
probably a lot less returns.
If you run some "DCA" monthly etc, then I could see it work. But point to point, no way.
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19 sats \ 1 reply \ @orangecheckemail_isthereany 3h
Gold was about 30 dollars per ounce in the 1960s and its over 3000 an ounce now. Gold did a 100x Maybe Warren did better but many people also overestimate how much they gained versus how much they didn't lose to inflation (rise in price of gold being a proxy for inflation) Point is that the sick returns are more a symptom of broken monetary system than investing genius
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0 sats \ 0 replies \ @denlillaapan OP 3h
I have no clue, look up the cumulative returns. But 20-25% a year for 40+ years probably beats that
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