> If he had done absolutely nothing with his dad's money, except park it in an index fund, he'd be 4 times richer.
That's actually not correct. He says he got a $1,000,000 loan in 1975.
The Fortune article picks a time 13 years after his first loan, and coincidentally at the start of a bull market. I'm not sure how that comparison is valid.
That's actually not correct. He says he got a $1,000,000 loan in 1975.
The Fortune article picks a time 13 years after his first loan, and coincidentally at the start of a bull market. I'm not sure how that comparison is valid.
See a more thorough analysis here:
https://dqydj.com/donald-trump-beat-sp-500-index-funds/
Which indicates that if you count from when he started, he did beat the market.