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by dcdanko
3035 days ago
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> 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). |
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