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A comment on Yield Curves Invert in U.S., U.K. Parent comment

Re:Yield Curves Invert in U.S., U.K by hedora on Wednesday August 14, 2019 @02:12PM (#20698320)
He didn’t “get” rich. He was born rich. He would have much more money today if he had passively invested it. The man is a managerial train wreck that’s been consistently burning untold wealth for 30+ years.

Much of what he has left was gotten by repeatedly breaking the law, and somehow only ending up with civil liability instead of criminal convictions.

Now he is actively wrecking the US economy and has somehow bullied the GOP into going along with it.

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Re:Yield Curves Invert in U.S., U.K by throw0101a on Wednesday August 14, 2019 @02:28PM (#20698483)
> He didn’t “get” rich. He was born rich.

"If you want to be a Millionaire, start with a billion dollars and launch a new airline." -- https://en.wikiquote.org/wiki/Richard_Branson

If you start with a lot you can deplete much of it before you have only a little.

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Re:Yield Curves Invert in U.S., U.K by duderific on Wednesday August 14, 2019 @05:24PM (#20700101)
"Somehow bullied" = the GOP is terrified of going against him, because his rabid base will drum anyone out of office who can be shown to be anti-Trump. After all, politicians' jobs are dependent on them getting elected.
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Re:Yield Curves Invert in U.S., U.K by xiphias2 on Wednesday August 14, 2019 @02:26PM (#20698467)
I agree with you that passive investment would have got the same gains, but it's much easier to see in hindsight, it was not that easy to see beforehand.

He made money by burning other people and companies, but he came out quite well from it.

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Re:Yield Curves Invert in U.S., U.K by throw0101a on Wednesday August 14, 2019 @02:32PM (#20698521)
Not being able to actively beat the market has been known since about 1973:

* https://en.wikipedia.org/wiki/A_Random_Walk_Down_Wall_Street

Bogle started Vanguard in 1975:

* https://en.wikipedia.org/wiki/The_Vanguard_Group

* https://en.wikipedia.org/wiki/Index_fund#Origins

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Re:Yield Curves Invert in U.S., U.K by usefulcat on Wednesday August 14, 2019 @03:08PM (#20698880)
"Known", yes, though probably not widely so. As I understand it, passive investing was generally considered a bad or at least risky idea at the time Vanguard was created.
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