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My bet is most of these long lived businesses also maintain a large pile of gold, which is a fantastic multi generational store of value. But yeah, cash is rea
by anonporridge 2y ago
My bet is most of these long lived businesses also maintain a large pile of gold, which is a fantastic multi generational store of value.
But yeah, cash is really just a call on the local monopoly on violence, which changes all the time over the long arc of history. Terrible long term store of value.