Counting the opportunity cost as market timer after kena badly hurt in GFC 2008 Big Bear!
LP also shrunk after that as there is no free lunch in the market!
Counting the opportunity cost as market timer after kena badly hurt in GFC 2008 Big Bear!
LP also shrunk after that as there is no free lunch in the market!
Hi Uncle8888,
ReplyDeleteThe most important point is that you've reached your destination. 😉
I won't be surprised if Buffett has kept most of his earned cash in cash over the last 15 years (apart from buy-and-hold Berkshire stock that he had bought in past decades).
With the size of his portfolio, he can live like royalty (if he wants) with just 1% CAGR.
Those that haven't accumulated enough on the other hand ...
That's where leverage comes in! 🤣