A former founder who now invests in public stocks reportedly beat the S&P 500 with few trades
Shaan Puri says that a few weeks before the recording he met a man in Hampton who had sold his company and received roughly eight figures in cash. When Puri asked what he had been doing since, the man said he was a public-market investor.
Puri then asked to see the man's brokerage account on the spot. The man pulled it up. Puri says he exported the account and analyzed it with Claude, asking how many decisions the investor made each year, with a decision defined as a stock bought or sold.
According to the analysis Puri describes, the investor averaged 2.9 decisions a year, with a maximum of six in any year and zero in three of the last ten years. Puri reports an annual return of about 21.8% over the past decade against 13.5% for the S&P 500, and says the investor beat the market in 11 of 12 years. Puri has not named the investor, and the figures are as presented on the show.


