4 ms·
Well consider that the S&P 500 doubled in the last 5 years. Then consider that those are the stock returns, which doesn't mention the dividends which have avera
by IkmoIkmo 11y ago
Well consider that the S&P 500 doubled in the last 5 years. Then consider that those are the stock returns, which doesn't mention the dividends which have averaged about 2%, so add another 10% to that.
Meanwhile he made a 15-20% return, on a twice in a decade type of event, and isn't making public his annual returns every other time. (take a wild guess why?)
In short, not incredibly impressive.
Beyond that, consider why he makes money when there is a financial disaster? Because they act as some form if insurance on economic downturns, basically. A ton of it is bad (i.e. when the whole world profits by burning it down, you've got the wrong incentives!), but some of it can be quite healthy.
Not seeing anything frightening about that, but it all depends on what measure.
- nosuchthing 11y ago2008, 2010, 2011, and the recent events stemming from the Chinese markets seems like more than just twice in a decade. Also, correct me if I'm wrong but day traders / short sellers aren't obliged to keep the stock positions for any length of time. I just find the phenomena interesting in context of financial bubbles, as the largest financial traders are incentivized to exploit instability of markets, and would be eager to create bubbles for the inevitable pop and profits on the plunges.