Meb Faber(@MebFaber):Taxes took 36% of a portfolio over the last 30 years! Ang breaks down Uncle Sam's cut across a century: "It's about 160, 170 bps per year. It sounds small, but you compound that over 30 years, and that results in 36% of your portfolio that just disappears." "This kind of modern era, it's the anomaly. It's not the norm." "If you can go across the century, that Uncle Sam's cut averages about 350 basis points." "The highest one is over 500 basis points, and it's during the 1940s, 1950s."

Meb Faber

@MebFaber

Founder:@cambriafunds,@theideafarm Pod: Books: YT: Email: mf@cambriainvestments

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Meb Faber@MebFaber

2026.10.30 14:20

Taxes took 36% of a portfolio over the last 30 years! Ang breaks down Uncle Sam's cut across a century: "It's about 160, 170 bps per year. It sounds small, but you compound that over 30 years, and that results in 36% of your portfolio that just disappears." "This kind of modern era, it's the anomaly. It's not the norm." "If you can go across the century, that Uncle Sam's cut averages about 350 basis points." "The highest one is over 500 basis points, and it's during the 1940s, 1950s."