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 nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m interview at the Tucker Carlson show.