A Crypto-Trading Hamster Performs Better Than Warren Buffett and the S&P 500(npr.org)
npr.org
A Crypto-Trading Hamster Performs Better Than Warren Buffett and the S&P 500
https://www.npr.org/2021/09/25/1040683057/crypto-trading-hamster-goxx-warren-buffet-s-p-500
3 comments
This article totally misses the point of investing in S&P 500. Hamster started trading in June. I'm sure there are hedge fund managers who can beat S&P500 in the short term. The point of S&P500 is a long term, relatively safe/cheap investment with returns of about 10%.
Hopefully, NPR does an update in a year and so on.
Hopefully, NPR does an update in a year and so on.
everyone is an asset picking genius in a bull market. Buffet is an old school investor wary of the froth in the market.
"But what we can tell you is his portfolio is up nearly 20% since he started trading in June, according to his Twitter account. And as of Sept. 12, Mr. Goxx was performing better than Bitcoin, the Nasdaq 100, Warren Buffett's Berkshire Hathaway and the S&P 500."