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#276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money
Lex Fridman Podcast
Efficiency and Investment Perspective
In assessing human progress and investment, it is observed that the human race does not significantly improve its efficiency year by year, contrary to the belief held by many investors who expect a 10% improvement annually. Consequently, the actual gains from investments, innovations, and inventions are much lower, typically around 2-3%. If the money supply expansion were to slow down from 7% annually to 3%, the expected yield from investments might align more closely with around 3% rather than the expected 10%.
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