Sinbius

Little details...athletes works hard every day, on average earn less....and another very little detail they all OVERPERFORM the average man....just details I guess...putting asides little details you are absolutely right...

quote".... A younger person doing a lot of travel, or an older person with poor health, may require 200K before tax and inflation, or 5 million. ...." ....you live in your own world...no offence... The average American takes home approximately \(\$59,430\) annually in gross personal income, or about \(\$40,000\) to \(\$46,000\) after standard taxes. By contrast, the average European gross annual wage is roughly \(\$43,000\) (€39,800), leaving an average net income closer to \(\$27,000\) to \(\$32,000\) after higher European taxes and social contributions.

I don't know...you tell me...why people gave him money to manage? 1. The 5-Year Horizon (Recent Underperformance) Aquamarine Fund Annualized Return: ~7.5% to 8.5% S&P 500 Annualized Return: ~12.0% to 13.5% The Context: Over his final five years of active external management, Spier lagged behind the broader market index. His portfolio entirely avoided the mega-cap "Magnificent Seven" tech sector, which heavily skewed index gains. His structural cash drags and heavy concentration in banking, automotive, and payment processors failed to keep pace with the massive growth-stock expansion. [1, 2] 2. The 10-Year Horizon (The Mid-Term Struggle) Aquamarine Fund Annualized Return: ~8.8% S&P 500 Annualized Return: ~11.5% The Context: On a 10-year rolling basis, Spier achieved strong absolute compounding, but still underperformed the S&P 500. While core multi-bagger positions like Ferrari and BYD provided major boosts, they were offset by multi-year stagnation in legacy positions and deep value traps, highlighting the systemic macroeconomic headwinds that value investing faced relative to passive indexing over the decade. []

Example...look at Guy Spier.... Guy Spier’s average annual portfolio turnover rate historically hovers around 5% to 10%, reflecting a typical holding period of 10 to 20 years for his core assets... ....Guy Spier typically meets with his fund investors in person once a year... ....image the tension the month before that day "oh $hit I have to talk to all those people, the portfolio is the same, what I am going to dress with? I am always in Tracksuit...I need to plan well...let's find some analogy to impress them and make them feel smart...what stories can I tell?...mumble mumble..."... Isn't that sitting on his a$$? Do you call it real hard work?

Again...I define investors as people who can make their living investing only their own money...we don't do "real hard work" (of course generally you have to break yourself in two to get enough money to get there if you don't get inheritance or if you don't start very young...) ...about money manager you know, I know, everybody knows that generally they underperform while making tons of money and that's why indexing has exploded.... I get the impression that to "defend" your self image you have to protect the image of investors as something more noble of it really is...

80% of american startups run on chinese AI....

What investors do with their free time has nothing to do with the point I was making...and has nothing to do with the process of investing, it seems you just wanted to point out that some investors do charity (like every other people btw) to put a better frame on the fact that long term investor sit on their a$$ to make money while most people have to do the real hard work. Ciao ciao!

Probably it depends on our definition....I define investor who can make his living investing his money only....and of course some of them (the very greedy ones or not good enough ones) reach for other people money to get more risk free upside...and I see nothing wrong with that BTW...but now acting like an hero or a victim is a bit of a stretch... You definition of investor looks like is only people that use other people money to enrich themself... Ciao Ciao!

LOL...aren't you an investor? Money is just a contruct/tool to motivate you to sit on your a$$ and do nothing while other people struggle to work and pay bills...Guy Spier too he also has the same portfolio doing nothing ...underperforming...and getting rich in the meanwhile...get real

China says no ongoing trade talks with the U.S., calls for canceling ‘unilateral’ tariffs Xi just waiting ...

Can't Xi just wait...?...people will eliminate Trump (...less than 90 days I guess...Trump is already losing consent...in 90 days with no deal and pain in the economy he is done...) and only then start negotiating for real...

...but he is a practitioner of the art of the deal...the strategy is that you look like a r3tq30 and people are out of balance and they will propose better deals that you could think of...

I have bought a bit of ASML...monopoly with tailwinds for growth (..longterm...)...and it is an European company..in order to diversify a bit away from US and from $... ...searching for more EU companies...preferably not in tech (I am overweight in tech)....

Someone agree with you....

There are different opinions on this topic...I don't know where is the truth... example: U.S. is unable to replace rare earths supply from China, warns CSIS