“They give back all the profits each year, and they start over again with about $10 billion.”

Michael Covel's Trend Following · Ep. 1413: Motivated by the TurtleTraders Too with Michael Covel on Trend Following Radio

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What was described

give back all profits each year and restart the Medallion fund with roughly $10 billion in assets

$10 billion

Said nearby on the same subject

“Cathie Wood's ARK fund went up about 15 times from 4 billion to 60 billion when she had that one really good year and this diluted all of her good ideas.”
♫
Said on The Rational Reminder Podcast
Hard number 15× growth, $4 B → $60 B Share this moment
“We took this from you. Six billion dollars in assets under management ... to around 146 billion dollars 20 years later.”
HL
Hamilton Lane
The Compound and Friends ·
Hard number $6 B → $146 B over 20 years Share this moment
“All of the funds that we give to the district are raised by my staff and I. We do not receive any taxpayer dollars at all whatsoever. Last year alone, we put $1.5 million back into our school district through the foundation alone.”
♫
Said on Entrepreneurs on Fire
Business model $1.5 million returned to district in the last year Share this moment
“I want you to take a percentage of your profits each month… 5%, 10%, 15%, whatever, and set that aside for business retained earnings”
DR
Dave Ramsey
The Ramsey Show ·
How they work 5%, 10%, 15% Share this moment

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