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For a comparison with Buffet. If you’d invested $10,000 into BRK-B on the same date [$29.90] you would now have $65k.
by epanchin 6y ago
For a comparison with Buffet. If you’d invested $10,000 into BRK-B on the same date [$29.90] you would now have $65k.
- onetimemanytime 6y agoEither way it shows the power of investing. You put your money into a stock /s and others do the rest of the work.
- jariel 6y agoOr it shows the power of inflation ... A coke is probably 2-3x more expensive today ...
- epanchin 6y agoIf you’d bought £10k of 35p 330ml cans in 1997 you would now have £27k of coca-cola (95p).
- vidarh 6y agoLooking on ebay, if you varied your soda purchases to avoid flooding the market, you could likely sell them for far more as collectibles. [yes, I realise that wasn't the point - I just find it fascinating how much people are paying for old soda cans]
- iso1631 6y agoThat's way above the US inflation figures for food and beverages ($17k), and less even than US medical ($22k) The pound inflated a little more on average, to £18k, but nowhere near that 95p inflation.
- sukilot 6y agoNow do housing and healthcare.
- iso1631 6y agoI did do healthcare - $10k becomes $22k. Housing $10k becomes $17k (rent is a little higher at $20k but housing in general brings it down) That rent figure is based on "Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Rent of primary residence" Clearly that can vary by city/state
- epanchin 6y agoCoca-Cola is an outlier as it was affected by the sugar tax, and I’ve used post tax figures.
- tootahe45 6y agoYou can even afford luxuries such as a porsche when you're 70 and nobody cares
- perl4ever 6y agoWhat if you need money to live on during your year of retirement between 70 and dying at 71?
- valuearb 6y agoBerkshire Hathaway doesn’t track Warren Buffett’s actual performance very closely over shorter (less than a decade) periods. It was trading at nearly 2 times book value during that period, probably the worst time to buy it you could find.