Warren Buffet, who is considered a legend among hedge fund managers, has an average return rate of 24% on his investments, double the Wall Street average of 12%. Without insider information, the numbers displayed are basically impossible to achieve.
Right but both of those are averages. My question is more about standard deviation I guess. How far from the mean are rich people with a lucky year when compared to the average rich person?
Warren Buffet, who is considered a legend among hedge fund managers, has an average return rate of 24% on his investments, double the Wall Street average of 12%. Without insider information, the numbers displayed are basically impossible to achieve.
Right but both of those are averages. My question is more about standard deviation I guess. How far from the mean are rich people with a lucky year when compared to the average rich person?
Is that what the yellow dashed line is supposed to represent? The line lines up to around 25%.
The dashed line is the S&P 500