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Re:Billionaires Build by 8note on Friday December 04, 2020 @06:41PM (#25309820)
Investing well is a worse strategy that investing long. Doing a real low percent gain for 500 years is going to be more predictable than investing well over 5 years
Re:Billionaires Build by stopachka on Friday December 04, 2020 @07:09PM (#25310107)
My meaning "investing well", was similar to your meaning of "investing long". I don't meant investing well in the short term.

Even a low percent gain over the long term is very, very difficult. You can tell this by noting how much endowment managers get paid.

Re:Billionaires Build by yellowapple on Saturday December 05, 2020 @09:22PM (#25320453)
> Even a low percent gain over the long term is very, very difficult.

In the words of those Screen Rants pitch meeting skits: "It'll be easy, barely an inconvenience!"

The easiest and most surefire form of investment out there is in land. There's a finite amount of it, so while on local scales values will fluctuate, on an aggregate scale the value of one's total land holdings will increase indefinitely as demand increases (which it will, both from a growing global population and a growing global economy). Land ain't especially liquid, but on long-term scales that ain't really a problem.

Until we as a society pull some moves out of the Georgist playbook and tax land value, the rich will always be motivated to consolidate that wealth into land control, and will be able to hold onto that wealth at the expense of everyone else.

Re:Billionaires Build by confidantlake on Saturday December 05, 2020 @12:35AM (#25312074)
You can't tell that investing is hard by how much endowment managers are paid. Convincing people you have the secret investing sauce is the most important skill of an endowment manager. All claim they can beat investing in index funds but there is no evidence they can.