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by jawns
2247 days ago
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The time period of March 2008 to March 2020 is cherry-picked. Yes, of course, the return is going to look impressive right after a black-swan event. That's why the fund exists. But in ordinary times, you're going to lose money. Which is not necessarily a bad thing, any more than it's a bad thing to "lose" money to a term life insurance policy but never pay out because you don't die. |
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“After the March payday, its flagship Black Swan fund has produced a mean annual return on invested capital of 76%* since the firm was created in 2008. It’s a good result, but if you were going to make the same calculation as of Dec. 31 2019, the long-term compounded return would only be marginally better than that of the S&P 500 over the same time period.”
https://www.google.com/amp/s/www.forbes.com/sites/antoinegar...