2009 Passive Investors Taxes 
Blackstone
NOVEMBER 16, 2023
From March 2009 when the S&P 500 traded at 13x earnings to August 2020 when it peaked at 23x, a passive investor in the market earned 16% per annum. 8 Breaking down the total returns by source from December 2009 to December 2020 shows that 44% of the index’s average total return was from multiple expansion.
This is going to be BIG.
NOVEMBER 15, 2020
The tech community has been having a long-overdue conversation about mental health and work/life balance and it’s something I’ve been talking up as far back as 2006 , 2009 , and 2014 on my blog and in public. I continue to emphasize that as an investor today. It makes me want to quit venture capital entirely. I believe it still will.
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