Thread by @AdamB1438

Ofc I have no idea if stocks will be up 5% next month or down 5% next month,

and ofc rising interest rates and high commodity prices are not a drag on the economy and sentiment,

but the 'real' economy and the new and growing parts of the economy - all that stuff is great.

There are many really good companies whose stocks are selling at very reasonable prices, and I think it's a good idea to be buying.

Lots of recent bad ideas (dumb start-ups, story stocks, SPACs) etc. are getting woodshedded, and there are real losses of financial capital there.

But you know what happens when a bad business goes under and people lose financial capital? There's a huge unlocking of human capital and physical capital. Everyone who worked on those bad ideas was spinning their wheels, wasting time or worse. Just the act of moving over -

just taking the fired employees of a dumb company and having them go work literally anywhere else in the world - that makes our whole world more prosperous.

It's that whole "genius of capitalism" thing. And I'm kind of excited about it :-)

#BuyStonks
#ShabbatShalom