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386
RWSGFY
2025 Dec 9, 7:48am
RWSGFY
2025 Dec 9, 7:48am
AD says
Charlie would not have been impressed.
Eric Holder says
Any idiot can diversify a portfolio.
Diversification is for the know-nothing investor.
-- Charlie Munger
So be it as far as being labeled an investing idiot but still earn on average about 9% to 10% annually after inflation on your retirement savings accounts for 25 to 35 years.
Charlie would not have been impressed.
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One year return = 24.38%
If you invested $1 million in the average S&P 500 stock index fund, you'd be smoking fat cigars and doing $243,800 worth of hookers and coke.