3 ms·

Yes but all those 76% where bought at what he believes were great / reasonable prices. So it's not like he spent 76% of the money at the peak and now has 34% wa

Yes but all those 76% where bought at what he believes were great / reasonable prices. So it's not like he spent 76% of the money at the peak and now has 34% waiting for the bottom. I see it more like. "here I am with all this cash and there is nothing fairly priced to buy now but soon I might be getting great companies at discount prices".

dannyw 6y ago
Doesn't matter. It's equivalent to buying 76% today.
- NhanH 6y ago
  It is only equivalent if the market has infinite liquidity. At 300B, you have execution issue to convert them to cash.
- jdmoreira 6y ago
  No, it’s not because you will judge how well he does by his ROI and it makes a huge difference at what price he bought.
satellite2 6y ago
*24%