At $4 million, GP might have been hand-waving a 4% annual rate of return and keep the principle intact.
4% is the standard number that's quoted by pretty much any financial planner. It's based on backtesting and assume that there's be large downswings along the way.
alt Hacker News
4% is the standard number that's quoted by pretty much any financial planner. It's based on backtesting and assume that there's be large downswings along the way.