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).
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).