News for hackers. Stuff that matters.

A comment on Wall Street Is Finally Going to Make Money Off the Permian. Parent comment

Re:Wall Street Is Finally Going to Make Money Off the Permian by jjeaff on Thursday April 27, 2023 @10:01PM (#35736735)
The markets did more than 12% annual returns for that decade.
[ Parent | on HN ]
Re:Wall Street Is Finally Going to Make Money Off the Permian by jojobas on Thursday April 27, 2023 @10:36PM (#35736921)
That's an average of essentially a lot of different bets. Shale oil was a bet on very high oil prices, this didn't eventuate and they still managed some kind of returns above the interest rates.
[ Parent | on HN ]
Re:Wall Street Is Finally Going to Make Money Off the Permian by jjeaff on Friday April 28, 2023 @09:55PM (#35749271)
Just the market rate of return. If your money could have done better in an index fund, you've lost.
[ Parent | on HN ]