3 ms·
> I wouldn’t mind if it wasn’t priced so high (what isn’t these days). It's funny, to me it seems extremely cheap. With $2M, you can basically guarantee 100k/y
by dvt 5y ago
> I wouldn’t mind if it wasn’t priced so high (what isn’t these days).
It's funny, to me it seems extremely cheap. With $2M, you can basically guarantee 100k/yr in perpetuity while being hedged against MMT interest-rate-fiddling, money-printing-induced inflation, a crypto crash, a stock market crash, a housing bubble crash, a tech bubble pop, etc.
- hodder 5y agoThis was my thinking. Top line risk on a staple consumer asset that’s been around over a hundred years, and can scale rev with inflation. No margin risk. Seems very cheap. Can prob borrow modestly under the yield and write off the interest on a leveraged version of the asset.