Why is this on HN? From memory the market fell a lot just after this was written. By the time you throw in management fees, storage and fraud costs it was never a good investment anyway let alone as an active management strategy.
It is actually great to look back on investment advice a few years after it was made to see how the advice lines up with reality. If you do this a bit you become both a better investor and more cynical person :)
Yes, but the only way people get cynical about investment advice is either by being burned or by check how the advice panned out. Personally I favor the the second option :)
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Why is this on HN? From memory the market fell a lot just after this was written. By the time you throw in management fees, storage and fraud costs it was never a good investment anyway let alone as an active management strategy.
It is actually great to look back on investment advice a few years after it was made to see how the advice lines up with reality. If you do this a bit you become both a better investor and more cynical person :)
Not for bullshit stuff like this. I used to work in investment management I am already cynical though.
Yes, but the only way people get cynical about investment advice is either by being burned or by check how the advice panned out. Personally I favor the the second option :)