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The Buss family purchased the Lakers in 1979 for $67.5M and sold the franchise for $10B 46 years later, per @ShamsCharania 🤯💰

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jimbocoin 🃏 6mo ago

(10B / 67.5M) ^ (1 / 46) = 1.1147

=> 11.5% compound annual growth rate (CAGR)

Not a bad ROI.

Not a Polar Bear 6mo ago

Ha! I did the sum and then went to post and found jimbocoin’s comment. Well done my friend. Now, if only there was some kind of saving/investment that could match/beat 11.5% apr…

vizo 6mo ago

Except that pretty close to the real inflation rate.

jimbocoin 🃏 6mo ago

Oh yeah, absolutely. Expected ROI on housing would be 5-8%. Expected ROI on stocks in the 7-9% range, etc.

M2 money supply long term CAGR is 8-12% globally. So they’re right on track.

Brunswick 6mo ago

Is there a lake in LA? No, they were the Minneapolis Lakers. When they moved to LA they should be the LA Rioters.