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A comment on If you want to understand Silicon Valley, watch Silicon Valley. Parent comment

Re:If you want to understand Silicon Valley, watch Silicon V... by ikeboy on Monday November 19, 2018 @04:32PM (#18489920)
Quick search doesn't find an article making that claim, care to cite it?
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Re:If you want to understand Silicon Valley, watch Silicon V... by clairity on Monday November 19, 2018 @04:39PM (#18489965)
here you go: https://www.nytimes.com/interactive/2018/10/02/us/politics/d...

and sorry, i misremembered the numbers. he got over $400 million (at least) from dad, and that would be worth about $2 billion if simply invested in an index fund (according to the article).

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Re:If you want to understand Silicon Valley, watch Silicon V... by ikeboy on Monday November 19, 2018 @04:48PM (#18490023)
The $400M number is inflation adjusted already, the actual numbers are lower.

https://www.bloomberg.com/opinion/articles/2015-09-03/should... is a good critique of these kinds of calculations in general - they usually assume perfect market timing

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Re:If you want to understand Silicon Valley, watch Silicon V... by clairity on Monday November 19, 2018 @05:06PM (#18490145)
yes, but that doesn't matter. at the end, they estimate the current value from indexing to be about $2B.

the trump wealth transfer started over 60 years ago. over the long run, market timing doesn't matter that much.

(EDIT: and that opinion piece was not coherent; the author mixed up trump's businesses with his net worth, and convoluted other finance concepts to render his desired "opinion". it was awful.)

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Re:If you want to understand Silicon Valley, watch Silicon V... by ikeboy on Monday November 19, 2018 @05:14PM (#18490209)
That's just not the case - if you assume he bought in during a low point you'll get a much higher figure.

Besides, there's no claim that he was given anywhere close to $400M over 60 years ago, nor can anyone be realistically expected to invest their inheritance starting at the age of 12.

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Re:If you want to understand Silicon Valley, watch Silicon V... by cm2012 on Tuesday November 20, 2018 @02:04AM (#18492280)
Trump inherited most of it in 2000 when his mother died. He had money before that from gifts though.
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