3 ms·
Sure, but the lesson is that the big story is what matters, way more than detailed RoR calculations. Bob made huge mistakes, but even then compounding was the s
by 317070 2y ago
Sure, but the lesson is that the big story is what matters, way more than detailed RoR calculations. Bob made huge mistakes, but even then compounding was the stronger force and he ended up ahead.
- bryanlarsen 2y agoThe story makes it sounds like he's guaranteed to end up ahead. That's not true. For instance if he was investing in Germany starting before WW1 and invested at the peaks Bob would be massively underwater.