More Cathy investment wisdom:Knowing Cathy, she bought it at 60k
I'm telling you, she is about to experience reversion to the mean.More Cathy investment wisdom:
Cathie Wood has just missed out on a blistering rally in Virgin Galactic Holdings Inc., in a rare misstep for one of Wall Street’s biggest proponents of futuristic technologies.www.bloomberg.com
Ran the numbers on the 16yr period from 1966-1981 and for this 16yr period the S&P had an avg return of just 3.21%. And that is a far shittier 3.21% than it first appears, it's a 3.21% during a period of very high and persistent inflation. Anyone who invested in the S&P during this 16yr period (a good chunk of an entire career or an entire retirement) would have had their ass handed to them in real return after inflation. If alternate universe Furry was 50 in 1966 with his retirement plan, it would be completely shot to shit for almost 2 decades.
If you invested $100/yr during the entire period you would eek out a 27.16% cumulative return (that 1.7%/yr for the period) . I could keep showing more periods but I can save them, as I'm sure we'll have plenty more "you always make money.." posts in the future. Just remind me to cover new periods next time I get triggered by it.
To be honest when I saw his 13F the other week I thought I was misreading due to the amount of AAPL. (it's unchanged I just wasn't ever aware it was that crazy!)40% of BRK in 1 stock. 75% in 5 stocks. That is some serious diversification Warren. Fucker owns like 5% of AAPL.
COIN tracking up with BTC. It makes no sense really that they are connected since COIN make's their money whether you buy or sell your crypto. Shrug. It is back to near reference price pre-market.