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Why is this on HN? From memory the market fell a lot just after this was written. By the time you throw in management fees, storage and fraud costs it was never
by justincormack 11y ago
Why is this on HN? From memory the market fell a lot just after this was written. By the time you throw in management fees, storage and fraud costs it was never a good investment anyway let alone as an active management strategy.
- danieltillett 11y agoIt is actually great to look back on investment advice a few years after it was made to see how the advice lines up with reality. If you do this a bit you become both a better investor and more cynical person :)
- justincormack 11y agoNot for bullshit stuff like this. I used to work in investment management I am already cynical though.
- danieltillett 11y agoYes, but the only way people get cynical about investment advice is either by being burned or by check how the advice panned out. Personally I favor the the second option :)