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I'm not sure that argument is rigorous enough to be called a proof. We have no guarantee that the S&P 500 will grow faster than world wealth. It's plausible it
by chris_t 2y ago
I'm not sure that argument is rigorous enough to be called a proof. We have no guarantee that the S&P 500 will grow faster than world wealth.
It's plausible it will, but one could reasonably purchase something like gold or BTC to hedge against scenarios where it doesn't.