2 ms·
This article doesn’t make sense - it’s basically says here’s a guy who worked hard, was frugal, and invested for the long term - but he was just lucky (because
by cascom 5y ago
This article doesn’t make sense - it’s basically says here’s a guy who worked hard, was frugal, and invested for the long term - but he was just lucky (because the past 60 years of asset price returns were amazing) - except how many other people were in his relevant cohort…tens of millions more or less who have had this same opportunity? Not saying the next 60 years will be anywhere near as good, but I think it’s folly to dismiss this “strategy” as most people would be quite happy with an outcome that was 25-75% of that.