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29 sats \ 1 reply \ @Kenobi 5h \ on: Stocks are Too Goddamn Expensive (Wall Street Journal, Spencer Jakab) econ
On the same note, but less concentrated on NVIDIA, a bitcoiner on twitter recently did a comparision on how long it took someone to buy an SP500 share.
Back in 1971, it took something like 12 hours to buy one share with minimum wage.
Nowadays, in 2025, it was something like 240 hours.
I'll look it up and perhaps post about it here.
True true. Alchian paper about assets in consumer price basket 70 years ago!!
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