Good podcast!
BlackRock's Rob Goldstein on the Next Megatrends in Finance https://t.co/kETJsnxO26
Btw @TheStalwart I recently made an investment decision right after reading a BBG article (Mar 9 morning briefing) which has performed beyond my wildest imaginations :D
@TidefallCapital $CROX would be at $400 right now if they had just bought back shares instead of making that idiotic acquisition. They turned lemonade into lemons.
What if we add currency into equation?
LKR has deprecated 91% during the same period against the USD (as at 12 June)
Which lowers the total return to 1519% (7% CAGR) - CAGR should be 13.6% in LCY terms
For foreign investors the currency movement is crucial in asset allocation
Some statistics of ASPI how during the last 40 years it has performed in CSE.
1985 Base value 100
1985-2000 ~347 points +347.6%~7.4% CAGR.
2000-2010~6189 points
+1382%~+27% CAGR
2010-2020~139 points
+2.1%~+0.21% CAGR
2020-11/6/25~10,883 points
+160%~+20.5% CAGR
Total Returns 1985-11/6/2025
+17,467%
For 40.4 years.
Simple average return per year
+431%
Compounded average per year
+11.5%
2000-2010 period was the best returns of +27% CAGR.
Followed by current 2020-June 2025 5 1/2 years average +20.5%
Worst period 2010-2020
Only +.2% average.
Just compare this returns with other Asset Classes and see over a long period Stock market has given a good returns after in between fluctuations.
Unfortunately LK investors are restricted in this aspect
LK only had a phase of significant appreciation when getting back to normal, post economic crisis Strengthening and stabilizing currency will be a key in attracting foreign investors