It's a huge structural advantage not to have a lot of money. I think I could make you 50% a year on $1 million. No, I know I could. I guarantee that.Comments:
1) Let's feel sorry for Warren Buffett for having so much money that he can't make the returns that he made when younger.
2) Never having achieved 50% returns, we are interested in buying Warren Buffett's advice. Unfortunately, the price tag depletes/obliterates our nest egg.
3) Come to think of it, maybe we should pay him: if having only $1 million is a "huge structural advantage", a stake of only $500,000 or $100,000 should enable us to wipe the floor with Mr. Market.
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