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That's the beauty of long-haul investing, though. Two years is nothing in terms of an investment strategy, and real estate, along with pretty much everything el
by thomascgalvin 7y ago
That's the beauty of long-haul investing, though. Two years is nothing in terms of an investment strategy, and real estate, along with pretty much everything else, has rebounded since then.
There are a handful of hyper-geniuses that can make gobs of money by actively trading. For the rest of us, there's buy and forget.
- Cthulhu_ 7y agoHyper-genius or lucky bastard that is recognized for survivorship bias?
- thomascgalvin 7y agoThe lucky bastards are the ones selling get rich quick schemes. The hyper-geniuses are the ones keeping their mouth shut and managing the Harvard Endowment.
- lozaning 7y agoThose who know dont tell, and those that tell dont know.
- jjeaff 7y agoYou mean they are genius in the sense that they get paid to manage other people's money? Because the Harvard endowment, like most all other funds out there, generally fails to beat the market and has had down years even while the market was up. This is probably due to lower risk tolerance, but it doesn't really show that hyper geniuses are running it either.
- Finnucane 7y agoWe bought our house in 2009. It was kinda scary--there was no telling when the recovery would come, and I was working a temp job that ended the day we signed papers. But we had been saving for a downpayment for several years--by 2005 or so it was clear that the Great Bubble was going to end very badly, so we just hunkered down in our crummy tenement apartment and waited it out.
- wincent 7y ago> Two years is nothing in terms of an investment strategy, and real estate, along with pretty much everything else, has rebounded since then. Where I live real estate was massively overpriced, so still hasn't rebounded, more than 10 years later.