pull down to refresh
0 sats \ 2 replies \ @birdeye21 27 Dec 2023 \ on: Do you own any public stocks? stocks
all other "assets" are bleeding ice cubes against bitcoin over the long term. I suspect it will take decades and decades to learn this..
most of them are also melting ice cubes against dollars over the long run too.
seriously. how many companies from 1913 are still around today?
despite the dollar losing 99% of its value over the last 100 years, most companies are down 100% over that timeframe.
the same can be said for gold. over a long enough time frame, all other assets (even USD) already trend to zero.
however, this has never stopped entrepreneurs from building amazing companies and becoming very wealthy in the process.
reply
yep agreed. the only difference now is that the stakes to compete are far higher to earn shareholders. Good for the market and the people. But how that changes the traditional portfolio allocation for the average person, will be drastic it seems to me.
reply