Returns over Last 20 Years... Berkshire Hathaway: +387% Gold: +488%pic.twitter.com/tsX3QgpfPC
-
So what is stopping anyone from getting richer than Buffet in the last 20 years? You are basically saying hodling Gold is a easy way to outperform one of the richest people in the world. I wonder why poor people existpic.twitter.com/cQq4sJcSKU
Berkshire substantially outperformed gold in the 60s (when its price was artificially fixed) and the 1980s and 90s (when boomer demographics and tech progress gave us big economic growth). It underperformed in the 70s and was a wash in the most recent 20 years.
-
-
The Buffet/Munger strategy depends on finding productive business opportunities & moving capital from mature to growing companies. Now sitting on tons of cash because there are few productive opportunities given the declining demographics and tech stagnation.
-
This Tweet is unavailable
-
They performed rather poorly during the crisis years of the early-to-mid 1970s. (As did the stock market in general. But gold greatly outperformed them both).
-
This Tweet is unavailable
-
Gold also outperformed the stock market in those years.
-
Indeed. IIRC gold went from USD$35 as fixed under Bretton Woods to floating at (briefly) $800, and consumer price inflation (CPI) was also high. The Dow Jones stock index was roughly unchanged from 1970 to 1980, but down about a factor of ten in CPI-adjusted terms.
-
CPI and oil is also a useful report to build with e.g.
@FRED or pandas-datareader. We're floating! -
A maybe more helpful question/fixation might be: how can we most efficiently get capital to firms doing good things for global
#sustainability.#sustyreporting - 1 more reply
New conversation -
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.