4 ms·

There were plenty of opportunities to lose money during that period. Doubling your money is fucjing fantastic no matter how you slice it. Let the guy have his

• elil17 4y ago
  There was no opportunity to lose money if you diversified with an index fund or frankly even an actively managed fund. For every one of these guys their is another who lost money compared to the market. People should not push the narrative that you can make money from stock picking when it's just not true in any practical way.
  • DontchaKnowit 4y ago
    you're wrong about that
• madaxe_again 4y ago
  In the market that we’ve had these past few years, it’s reasonable performance. Me, I just buy and hold on undervalued companies that make sausage machines rather than sausages, have been for a decade, and I’ve seen an overall gain of 38,000%. No leverage, as my strategy occasionally entails watching everything slowly decline 20% during from time to time — but I bought equities in businesses that I believed had legs at the time, and continue to do so for the same reason.