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Re:Mark Cuban says studying philosophy may soon be worth mor... by plorkyeran on Friday February 23, 2018 @10:57PM (#16451568)
Doubling your money over 18 years is a only 4% rate of return. Not terrible, but also not impressive.
Re:Mark Cuban says studying philosophy may soon be worth mor... by adventured on Saturday February 24, 2018 @01:54AM (#16452129)
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.

$1.1 billion to $4.08 billion [1].

His primary business holding, the Dallas Mavericks, has increased in value from $285 million to $1.9 billion [2] (per the latest Forbes estimate). For that investment, he has seen a rate of value increase of about 11% per year. That investment stomps the S&P 500 massively (which was at ~1400 when the acquisition closed).

[1] https://www.bloomberg.com/billionaires/profiles/mark-cuban/

[2] https://www.forbes.com/sites/kurtbadenhausen/2018/02/07/nba-...

Re:Mark Cuban says studying philosophy may soon be worth mor... by dcdanko on Saturday February 24, 2018 @09:54AM (#16453455)
> 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).