4 ms·
Negative annualized return for the 10 year period from 2000 to 2009 is actually quite frightening. "As always, Warren Buffet put it best: “the stock market is
by pcurve 4y ago
Negative annualized return for the 10 year period from 2000 to 2009 is actually quite frightening.
"As always, Warren Buffet put it best: “the stock market is a device for transferring money from the impatient to the patient”."
- SketchySeaBeast 4y agoOne might paraphrase that as "those who can afford to wait".
- paulpauper 4y agoIt helps too that he lived so long an has no use for the money he has invested
- radiator 4y agoWhy? He has children, does he not?
- paulpauper 4y agohe has billions but never spent more than a middle class lifestyle. Saving money matters a lot when we're talking compounding over decades.
- atombender 4y agoMiddle class? He owns a private jet and wears custom-designed suits. He appears to live moral frugally than most billionaires, but he hardly has a middle class lifestyle.
- therealcamino 4y agoHe famously has said he will donate most of his money rather than leave it to his children. https://givingpledge.org/pledger?pledgerId=177 https://givingpledge.org/pledger?pledgerId=177 He's not leaving them zero or anything, and three of the foundations he's funding are run by his three children, so they benefit from his wealth. But they won't receive most of it.
- layer8 4y agoThat’s only for the money you put in the stock market in 2000 though. Usually you continually put new money into stocks, which somewhat flattens out the risk. Nevertheless, you arguably shouldn’t invest unless you’re prepared to hold for 10-15 years.