Topic: How one eyed financial pieces are (Read 735 times)
Everyone knows if you own 1 BTC now you'll be rich eventually, but fuck, im 25, I want to be rich while young, not as a 80 year old grandpa
Quote
"Consider for a moment that $100 parked in the S&P 500 at beginning of 1965 would be worth an astounding $9,841 by the end of 2013. This is a distinctly clear display of the true beauty of both the American economy and the rewards of buy-and-hold investing.
But what would that same $100 be worth if it was put into the hands of Warren Buffett at Berkshire in 1965?
Words don't do it justice: $693,518."
But what would that same $100 be worth if it was put into the hands of Warren Buffett at Berkshire in 1965?
Words don't do it justice: $693,518."
http://www.fool.com/investing/general/2014/09/07/warren-buffetts-right-hand-man-reveals-his-secrets.aspx
so over with buffet 50 years you get a 7000x return.
BTC on first listing, circa 1400BTC per USD.
now $400~$500 = 1 BTC in what 6 years is a 700,000x return.
This is 3 orders of magnitude greater than Buffet.
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