4 ms·
They saved 6.8B seven years ago. If they put that money in broad market index, they already made the fine amount by now and then some.
by mertd 5y ago
They saved 6.8B seven years ago. If they put that money in broad market index, they already made the fine amount by now and then some.
- anonuser123456 5y agoThe discount rate is usually based on a risk free asset. They could have put it in an index and ended up with a 30-40% decline in value as well.
- hn_go_brrrrr 5y agoThe Renaissance group is pretty well known for exactly the opposite of that, however.