One of the questions I get in book intvs is what did I learn. The answer is a lot (that's one of the best byproducts of book projects). But one thing that blew my mind was this…
Original source excerpt
One of the questions I get in book intvs is what did I learn. The answer is a lot (that's one of the best byproducts of book projects). But one thing that blew my mind was this chart re how inflation …
One of the questions I get in book intvs is what did I learn. The answer is a lot (that's one of the best byproducts of book projects). But one thing that blew my mind was this chart re how inflation netted out to 0% for the first 200 years of the US. I knew it was less but didn't know contrast was THAT crazy since gold standard severed in 70s. Each of my books has an 'inception moment' that if you pull thread on many things you get to (eg Bogle making vgrd mutually owned is inception moment of modern day fund industry). In this book this feels like that inception moment whether it's stock prices, the affordability issue, case for bitcoin/gold etc. Pull the thread and you end up here.
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