Professor Tad Smith gets it, do you!?

Professor Tad Smith gets it, do you!?

If the money printer grows 8–10% a year and the S&P 500 returns ~9%, you’re not compounding wealth, you’re running in place.

In The Only Bet That Counts 📖 I call this the invisible tax. Real freedom doesn’t come from keeping pace with the printer, but from hunting the rare outliers that truly outgrow it.

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from Bitcoin - The Currency of the Internet https://ift.tt/5FouGOc

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