LinkedIn is full of people with $250k in a Vanguard target date fund, $250k in home equity, and a $100k BMW and they think they’re crushing it.
Twitter is full of people with $2,100,000 - $40,000,000,000 in bitcoin and they think they’re still short bitcoin.
Lesson there.
Let me get this straight.
Bitcoin is almost $100,000 per coin, no S&P 500 companies have adopted it as their primary treasury reserve asset, no major countries have adopted it as their primary treasury reserve asset, and a majority of people in the world still have a < 1%
"I didn't realize that if the average year the money grows at ~10%, and the average return in the S&P 500 is ~9.7%, then all of the value created there is the money printer.
That was startling.”
- @tadtweets, former finance professor at Stern School of Business