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A comment on UC Santa Cruz fires 54 grad students who were striking for higher pay. Parent comment

Re:UC Santa Cruz fires 54 grad students who were striking fo... by logifail on Monday March 02, 2020 @02:02PM (#22467596)
> The person running your investments can make or break you

How would one propose to distinguish* someone who will deliver growth for - say - 25 consecutive years from someone who delivers growth for 5 years yet blows up your endowment in year 6 ?

* beforehand ;)

[ Parent | on HN ]
Re:UC Santa Cruz fires 54 grad students who were striking fo... by WalterBright on Monday March 02, 2020 @02:31PM (#22467916)
Their track record.
[ Parent | on HN ]
Re:UC Santa Cruz fires 54 grad students who were striking fo... by logifail on Tuesday March 03, 2020 @03:02AM (#22472709)
> Their track record

If you think that "25 years of not blowing up" is a sure-fire way to predict the risk of blowing up in year 26, I would recommend reading Nassim Nicholas Taleb.

[ Parent | on HN ]
Re:UC Santa Cruz fires 54 grad students who were striking fo... by WalterBright on Tuesday March 03, 2020 @05:27AM (#22473291)
I never said "sure-fire" or anything like it. Anyone who believes in "sure-fire" investments is a fool. The theory that people with lots of money to hire the best are fools doesn't seem credible to me.

Besides, Warren Buffet has a stellar track record much longer than 25 years. People paying him to manage their money has made him very, very rich and those people very happy with him.

[ Parent | on HN ]