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Rekenthaler Report

What Has Been Manhattan's Return?

Assessing Peter Minuit’s fabled $24 investment.

John Rekenthaler

Aug 30, 2019

Mario’s Tweet
Veteran fund manager Mario Gabelli raised the question. What has been the annualized gain for Manhattan? The property was purchased in 1626. How profitable was that transaction?

The task is both easy and impossible.

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