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by bhritchie 3506 days ago
> Had he taken the money he was lent or given at the start of his business career, and invested it into an index fund instead of doing his attempts at business, he would now have a net worth of $12 billion instead of $4 billion.

Matt Levine wrote a great article on this idea: https://www.bloomberg.com/view/articles/2015-09-03/should-do...

Maybe the best line: "For one thing, if he put all his money in index funds and reinvested all the dividends for 41 years, he'd be dead, because you can't buy food with reinvested dividends."

1 comments

Crazy that I'm not dead yet. Somehow the rest of us manage to eat without spending dividends earned from money given to us by our parents.