“One percent more in fees than you need to pay will cost you a decade of retirement income over the long term because of compounding”
♫
Said on Tony Robbins Podcast Daily
Founders · #436 Ari Emanuel's Autobiography
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Buy IMG for $2.4 billion, later justify paying an extra $400 million by arguing the cost will be forgotten compared to long-term gains
$2.4 billion purchase; extra $400 million
“One percent more in fees than you need to pay will cost you a decade of retirement income over the long term because of compounding”
“You'll start by offsetting the short-term gains of the short-term losses, and then the long-term gains of the long-term losses”
“I've been short them. Unfortunately, we lost millions of dollars shorting quantum computing companies, but I told my wife that we gained billions in insight.”
“Donating long-term appreciated investments… avoid paying taxes on those long-term capital gains… you can also deduct the contribution up to a limit of 30 % of your AGI”
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