Why I don't "SPY and chill":
Annualized real returns:
1929 - 1942: -0.9%
1968 - 1982: -0.3%
2000 - 2012: -0.7%
Source: DFA Matrix Book 2024
Diversifying globally, across factors, could help avoid very long stretches of little to no return.
Musk has two financial advisors. One is a strict Mormon, man of faith. The other is a Russian professional poker player who dropped out of college because he liked smoking the reefer.
"Our 5-year compound annual rate of return expectation has gone from 15% at the peak in March to nearly 40% today," says @ARKInvest's @CathieDWood. "I know the most seasoned inventors are saying our tocks have been in bubble-like territory. We couldn't disagree more."
