Evan Lucas
speaker
1,534 appearances
4 recordings
1 series
first heard Jun 2022
last heard Jan 2023
Evan Lucas’s voice in public audio — every appearance, attributed to the second.
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Appearances
We know about Berkshire Hathaway.
But he is exactly what we're talking about.
He is the epitome of compound interest.
And as he says, you can start any time.
Because starting right now, well, you've got a discount to what you were happy to pay at the start of the year or even a discount if you're looking at something more risky probably at the end of October, you know, November last year.
what's what's wrong with now it's this it's and for those of you listening at home on the podcast i'm touching my head right so your mind your mind is the problem because it's fearful and everybody has fear and there's a reason for that and that's fine but that's where strategy comes in and that's what kate's question was is that if your strategy is that i'm growing for a house deposit or that i'm you know proving my long-term wealth or that i'm trying to
say for retirement, they all of a sudden give you time horizons.
Is that two years?
Is that five years?
Is that seven?
Is that 10?
And that all of a sudden can start making your ability to wipe out.
Just before I finish, in the S&P 500,
Since 1900, they average a correction, so 10% decline or more, once a year.
It doesn't obviously happen every year.
Sometimes they have a couple, sometimes they have none.
The average timeframe for that correction is 54 trading days, which is a blink of an eye in trading.
That's interesting.
And the average decline is 13.4%.
So take that as you will, right?
Showing 1141–1160 of 1,534 · page 58 of 77
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