Last night at an event I met a man who shared he had been an investor for the last 40 years. He added, “I’m closer to 84 than 83.” I asked what I should do over the next 40 years. His advice— • You can’t make any “real money” in the market. • Learn to source deals. • Invest in “who not what … ignore the shiny, slick pitch.” During dinner the host thanked the man for his $10 million to the organization. Moral of the story: Get in rooms with the right “who.”

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2024-11-19 11:07

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Devin W. Blackburn
thedevindiary

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17 小時內	Graeme Sutherland themockgraeme	If you work through the maths then the man's claim makes sense. If someone invests a million dollars in the stock market for the next forty years, and a reasonable assumption is that it doubles every decade, then they'll have $16 million in 2064 or 2065. The problem is that if inflation runs at around 3% during that time, the real value would be about $5 million in present day terms. A lot of the "if you invest $1000 per month into the market" calculations ignore this.