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19 sats \ 1 reply \ @orangecheckemail_isthereany 5h \ parent \ on: There Will Never Be Another Buffett (WSJ, Jason Zweig) econ
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 5h
I have no clue, look up the cumulative returns. But 20-25% a year for 40+ years probably beats that
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