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4min chapter
Byrne Hobart - Optionality, Stagnation, and Secret Societies
Dwarkesh Podcast
Is There a Way to Make Your Great Grandchildren Rich?
If you're trying to compound money for a really long time, i don't think that the main thing that you want to focus on is your annual returns. Once a decade, once a century, risks that will turn up, and that can actually push that return to zero. So i i don't know of any financial asset that you can actually trust in that sense. The us. Is a really weird case, because we have not had these massive catastrophic drawdowns in everybody's wealth like every other country has experienced.
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