3 ms·
The point wasn't that 2 million is a huge number, but that 5.3% is just as huge. The millions are the eye-catching part, but this looks like an odd way of sayin
by etal 18y ago
The point wasn't that 2 million is a huge number, but that 5.3% is just as huge. The millions are the eye-catching part, but this looks like an odd way of saying a risk-adjusted 5% return is insane, and 10% (the target for a '90s-era portfolio) is not twice but ten times as insane, in the long run.