Latest Coronavirus - Yikes

#31,676
#31,676
05_never_again said:
When you consider the fact that he started with $413m, he actually isn't a great investor. Passively investing that money in the stock market (I know he wasn't given $413m in cash that he could have immediately put all in the market, but the principle still holds) since the early 80s would have yielded him much more than his current net worth, which supposedly is something like $3 billion. He's made 7-8x his money in about 40 years. The S&P is up almost 22x since 1980.

He certainly knows a hell of a lot more about business and the real world that other politicians, but his own track record on real estate investing is very mixed - he's had some stuff do really well and some stuff fail rather spectacularly, particularly his big miscalculation with his Atlantic City casinos.
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Over time, there are few investments that outperform stocks.
 
#31,681
#31,681
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#31,692
#31,692
Weezer said:
So he took a different path than simply investing, yet still turned millions into billions. Maybe you're hard to impress?
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I'm impressed by a rate of return in excess of what anybody could have achieved by just passively investing. Buffett, Peter Lynch, John Templeton, etc. When looked at in light of what the market passively returned over the same time frame, his real estate track record isn't particularly impressive. I'm not saying it's awful, just that it isn't particularly impressive. He certainly is nowhere near as good of an investor as he claims to be.
 
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#31,694
#31,694
05_never_again said:
I'm impressed by a rate of return in excess of what anybody could have achieved by just passively investing. Buffett, Peter Lynch, John Templeton, etc. When looked at in light of what the market passively returned over the same time frame, his real estate track record isn't particularly impressive. I'm not saying it's awful, just that it isn't particularly impressive. He certainly is nowhere near as good of an investor as he claims to be.
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There is nothing as good as he claims. His life is about promotion. Not about reality.
 
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#31,695
#31,695
hog88 said:
My wife refuses to take it, instilled fear from her idiot mother, and gets the flu every 2-3 years.
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My experience is that the one year I got the flu shot is the only time I've ever gotten the flu.
No shot = no flu ..... 100% of the time
Flu shot = flu ....... 100% of the time
 
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#31,698
#31,698
MurphyVol said:
Shrewd anything can be an example but on a broader scale real estate isn't close.

Adjusted for inflation stocks run about triple the return on real estate.
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I'm not speaking about real estate on a broad scale. If you're good at it, particular types of real estate generate more income than stocks and have tax advantages that stocks don't (big overlooked fact here), plus of course it can appreciate as well.
 
#31,700
#31,700
Ashevolle said:
When I say Trump, you say Pelosi. TRUMP! PELOSI! TRUMP! PELOSI!

It's funny that the most common refrain when confronted with Trump's failings is to hear some complaint about <insert democrat here>.
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Correct. Trump restricted travel which in hindsight was brilliant. Pelosi, BDB were actively telling people to congregate in large crowds nothing to fear which in hindsight was not brilliant
 
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