Great clip!

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 And this is also when anyone talks about buying bond I just laugh.

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 Artists and Hackers know! Clearly a failure of the imagination for this CEO 

 I basically came to the same conclusion about the S&P500 a few weeks ago.

 I watched a normie financial advisor tell the audience savings accounts only pay 1%, but he can get 12% in mutual funds. I noticed that was about what the Chapwood Index says inflation is in the closest city to me.

Therefore, all the gains of index funds are an illusion. People are really just treading water in a pool, but they think they're surfing a 12 foot wave. 

 💯 

 Don't forget 20% cap gains tax. Those are losing numbers once you add that variable. 

 He’s getting there.  Good on him. 

 Yeah that was also for me a absolute startling insight. S&P keeps you only even, regarding your purchasing power. Only if you invested in the Mag7 tech stocks or at least in an Nasdaq ETF where you able to outgrow your purchasing power against inflation.

Heard that btw two years ago in the @saylor interview at the Tucker Carlson show. 

 I don't agree that this is entirely true. I don't think the top 500 businesses in the world produce zero real return. certainly it isn't 100% real either but don't agree it is 0% 

 True, that is an average. If you invested in certain companies like Apple, Microsoft, Amazon,  NVIDiA or Berkshire they generated real returns but many others didn’t by far. 

 Over the last 5 years the M2 money supply has grown at a rate of 6.6% on average, the S&P 500 has grown at 13.4% on average.

Clearly inflation is a large portion of the return, but it isn't all of it. The stock market produces real return. 

 ** if you include re-investing dividends, you'd be at 15%-16% return on the S&P over the last 5 years. 

 If you look over a longer timeframe than just 5 years it gets closer. 😉
But I agree that good companies produce real returns but the index average not really over decades. 

 arguably it would be more favorable to your case just looking at the past 5 years as the money supply has greatly increased.

since 1960 M2 is 6.88%. nominal  stocks are around 10-11%. so a real return has been made to the stock investor
 

 Bookmarked. 

 Now think about how governments are satisfied with a growth rate of 2% while money is losing value at a rate of 10% per year.  

 $10 million is bearish 

 That simple question initiates a cascading effect. What is money?

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 Also, you get taxed on "profits" when it actually just kept up with inflation 

 This is excellent. The realisations all bitcoiner go through at some stage in their journey 

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 please read my last post and reply! 

 10 million what? USD? I thought we dont care about that?
1BTC = 1BTC anyone?
 

 Huh 🤔 https://image.nostr.build/a657b6ce491974c20373b06634493ac8087d2dac4ca6950145495be86b6ae3b7.jpg  

 That's Tim Berners Lee. Different Tim, you know? 

 Everyone is a reflection of everything in my world. You know? 

 I thought this was common knowledge?! 

 Yet, many people still don’t understand it 

 Awesome. Yes, I listened to this today too. :) Thanks. Loved the quote too: “I can sell you a 20 million dollar painting but I can’t tell you why a piece of code is money. That’s an interesting paradox.” 

 ⚡ ⚡ ⚡  

 A small correction: his name is Tad Smith. 

 Right on!