The Laker, Steve Ballmer, and Why Public Equities Still Win
Update: 2025-06-26
Description
In 1979, the Los Angeles Lakers were purchased for just $67 million. Today, they’re reportedly worth $10 billion. That’s an incredible return—but how does it compare to a simple investment in the S&P 500 over the same period?
We dig into the numbers and break down what makes public equities one of the most unbeatable long-term investments.
Also in this episode:
- What really drives massive returns over decades.
- Why Steve Ballmer—yes, the former Microsoft CEO—is being called one of the greatest investors of all time.
- The surprisingly simple principle behind his investing success (and how you can apply it).
Here's to wise investing,
Brett Pattison, Brian Hunsaker, and Spencer Nelson
We dig into the numbers and break down what makes public equities one of the most unbeatable long-term investments.
Also in this episode:
- What really drives massive returns over decades.
- Why Steve Ballmer—yes, the former Microsoft CEO—is being called one of the greatest investors of all time.
- The surprisingly simple principle behind his investing success (and how you can apply it).
Here's to wise investing,
Brett Pattison, Brian Hunsaker, and Spencer Nelson
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