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Replying to @jhvilas
I've read that index funds as described here weren't available to most people in the 70s.
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Replying to @St_Rev
I'll believe that, but I'd imagine the point still stands, right? He could have ~invested in that fashion w/o the overhead.
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Replying to @jhvilas
I don't think that's true. Huge wealth has a significant carrying cost.
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Replying to @St_Rev
Do you think that would dwarf the cost of using an index fund (had it existed) versus direct investment?
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Replying to @jhvilas
I'd have to see the math. I'm deeply suspicious of the claim, given the source.
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Replying to @St_Rev
You're wise to be suspicious. OTOH, he could have given his money to Warren Buffett. :) Trump as pres just scares TF out of me.
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I don't disagree, but I do think Hillary is as bad. Worse, if you account for media/civil service/etc. holding Trump in check.
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.