Jordan Belfort
๐ค SpeakerAppearances Over Time
Podcast Appearances
But as long as the world keeps trucking along, the S&P has been compounding at 10%, 10.5%, including dividends, over the last 90 years.
And it's not always up.
It goes down.
Last year was a great year.
So I look at the genius.
It was up 25% last year, but that's a relative luck that it was, it could have been down 25%.
It doesn't matter.
But on average, it always trends upward over the long-term.
So, and then you engage in what's called long-term compounding.
And there's certain things you want to do.
And I go through it step-by-step in the book.
It's so simple.
And you don't need Wall Street.
Like Wall Street is there as like this fee machine complex to like basically rob you blind.
But Wall Street does create value.
So you need Wall Street.
Wall Street's necessary.
But you don't have to play in their corrupt casino.
You can extract all the value they create by buying into these certain types of funds that have no expenses, no fees, right?
So you get all the value they create and none of the bullshit.