Oddbean new post about login | logout The harsh truth about truly understanding Bitcoin as an investor: you're obsolete To spend the next 20 years trying to find assets that outpace Bitcoin is something you could do But is it something you really want to do? It will be very hard to hurdle 50% cagr, so why not re-allocate to Bitcoin and go enjoy life? Be an artists. A musician. A Nostr creator... A huge amount of talent will be unlocked Saying that, I still love the idea of talking about businesses and financial markets I guess it's simple: you do you
there will be plenty of active managers as long as there's plenty of suckers.
Indeed. Absolutely not saying there won’t be a market for it! 1% pls. Compounding. Asset management industry worked very hard to make that the norm and not going to give up easily. It’s where I really like the lens of monetary premium. For so long I didn’t understand that money could be anything, a bond, a house, whatever Just most things aren’t a good money. So all these “assets under management” are going to slowly erode in value vs btc But until the owners of those assets wise up and tell their managers to re-allocate, then the show will go on
imagine reallocating all that manpower into something anything productive.