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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: knighttof3   😊 😞
Number: of 22351 
Subject: Re: OT-top 1% Net Worth
Date: 06/11/24 3:06 AM
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That's 6.5% CAGR for 27 years in REAL DOLLARS (inflation adjusted).

I can beat that by 1% over twice the period. 54 years ago my Dad bought a flat in Bombay (now Mumbai) for $3000. Now it's worth $1 million. That's a nominal CAGR of 11.35% or real CAGR of 7.47%. In US dollars. A lot more nominal (and a lot less real - over those years average inflation was 7.3%/year in India) in Rupees because the USD:INR ratio has gone up from 8 to 83 in 54 years.

But some might point out that Mumbai is not India any more than San Diego or California are US.
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This community has written 21,861 posts about Berkshire Hathaway. The article-length ones it recommended most:
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