4 ms·
After some quick following, the fund had an 71.8% annual return from 1994 through mid 2014. I don't know how the numbers look like nowadays, but assuming that t
by mattalex 5y ago
After some quick following, the fund had an 71.8% annual return from 1994 through mid 2014. I don't know how the numbers look like nowadays, but assuming that this continued throughout the time in question here, we can conclude that they made a lot of money through this
- xtracto 5y agoId i understood correctly the teick they tried allowed them to treat short term gains as long term. Reducing their tax fron 35% to maybe 20%. So those 6.9 billion was 20% of their profits. Meaning the full amount of their profits were around 35 billion. That's crazy! A money printing machine.