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That is interesting. Warren has a bet out against someone that a portfolio of hedge funds will not outperform the total market returns after accounting for tax
by fnid 17y ago
That is interesting. Warren has a bet out against someone that a portfolio of hedge funds will not outperform the total market returns after accounting for taxes, management fees, etc.
as diversity approaches 100%, performance approaches market returns.
The question is, how long can extreme wealth remain extreme wealth? Considering the wealth gap is increasing, I would suggest forever unless there is a "market correction" like socialism or something.
- chasingsparks 17y agoIf that was the case, you would expect there to be a few hundred-billionaires out there.
- deleted 17y ago[deleted]
- Retric 17y agoThere are a few hundred billionaires out there. 5 billion barely get's you into the top 100.
- chasingsparks 17y agoHundred-billionaire as in an individual with greater than 100 billion; not a few hundred people with greater than 1 billion.