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More interesting to me is their ROI. Would they be as wealthy had they just parked their money in an index fund?
Also, why should ROI be most interesting? Is money all we care about? Why is it that we have money?
More interesting to me is their ROI. Would they be as wealthy had they just parked their money in an index fund?
If ROI is more interesting then why not a comparison with what the ROI of other individuals might have been had they had a starting investment? Also, why should ROI be most interesting? Is money all we care about? Why is it that we have money?
You're talking about a "what if" as opposed to concrete numbers we do a simple comparison of.
> Is money all we care about?
No, but in the context of the article, it is the metric.
The point is to challenge the premise that their success was only a product of their starting investment.
I think the difference between succeeding and failing in business is the confidence to get over yourself and ask for business/payment/quid pro quo or whatever. From some introspection, I've concluded that if I had 240k in the bank today, I would still think ten times before hiring a team of developers, rent an office, setup a company, and start spending money to make money. I'm just diffident that way which makes me…
240k buys you lots of free time to pursue your passions, if one is truly passionate about something they'd aim to engage ASAP and while at peak of mental and physical fitness. In the end money cannot buy time.
Even if you turn 240k into 240m in 20 years time you cannot buy 20 years of tennis practice or kitesurf abilities or skiing/motorcycle abilities or whatever you are passionate about.
Not to mention all the p*y you are leaving on the table by secluding yourself into an office for 20 years.