We are living in an era of strong assets and weak traditional currencies. In the last 10 years, Microsoft grew in market cap from $200B to 1,900B. Amazon grew from $80B to $1,600B. Bitcoin went from pretty much $0B to $900B. Even S&P 500 grew 3x. Gold price change? 35%. US Inflation over the same …
Continue reading “How we should think about value of assets”
Richard Anderson 