In 1979, the Los Angeles Lakers were purchased for just $67 million. Today, they’re reportedly worth $10 billion. That’s an incredible return—but how does it compare to a simple investment in the S&P 500 over the same period?

We dig into the numbers and break down what makes public equities one of the most unbeatable long-term investments.

Also in this episode:

- What really drives massive returns over decades.

- Why Steve Ballmer—yes, the former Microsoft CEO—is being called one of the greatest investors of all time.

- The surprisingly simple principle behind his investing success (and how you can apply it).

Here's to wise investing,

Brett Pattison, Brian Hunsaker, and Spencer Nelson