Why does anyone listen to Paul Merriman?
Sound Investing
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The Buffet Strategy - You Don't Get Ten Point Seven Once in the Past 51 Years
From 19 70 through two thousand 20, if you got the s m p 500, and we call that the buffet strategy, because that's what warm buffet recommends. Supposedly, that's where his money goes for his wife. But i learn things as i look on table three. So that portfolio looks, over the last 51 years, almost the same as since 19 28. That does not for one second suggest that that it means that you got ten point seven % each year. In fact, you did not get ten point seven once in the 51 years. Some years you were up 30 some cent some years you were down 20, 15. One day, it went down 22 plus
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