Hacker News new | ask | show | jobs
by dcdanko 3035 days ago
> His compound rate of wealth increase, post paying taxes on the sale, is around ~7.5%. That beats the S&P 500 over that time, which very few professional money managers can do.

Very few money managers that are accessible to people with less than 10^8 USD can beat the S&P after fees.

Bridgewater, (Ray Dalio's fund mentioned above) regularly gets 12.5% annual returns and they are most notable for being consistent, not high. Pre-2008 some investment banks were getting up to 20%.

A billionaire making 7.5% annually is fairly unimpressive if their goal was to make money (which it might not have been for Cuban).