Evidence receipt / uncertainty
Published · transcript-backedDavid Rosenthal: uncertainty
18 Nov 2024 Acquired IKEA
“Seems like a wildly conservative estimate for the amount of assets in this foundation. Arguably closer to €100 billion, but we don’t know.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- uncertainty
- Recorded
- 18 Nov 2024
- Publisher
- Acquired
- Episode
- IKEA
Transcript context
…But 2011 to today is among the best investment returns in history, assuming they were just at market beta. Totally. That is like, like €50 billion-ish. Seems like a wildly conservative estimate for the amount of assets in this foundation. Arguably closer to €100 billion, but we don’t know. It’s not a charitable foundation. Let’s be super clear. This is an enterprise foundation and their purpose is to ensure the continuity of IKEA. What do you do with $50-plus billion?…
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