swifteagle Profile picture
Trying to compound capital
Mar 17, 2019 4 tweets 2 min read
What is the most scarce asset?

Time.

How valuable is it?

Ask yourself this question: Warren Buffet is 88 and worth $84 billion, would you trade lives with him?

I’m in my early 30’s and would not.

Therefore, I value a year of time at more than $1bn. We convert time into money through work.

Money = stored time.

We trade our most scarce asset for something less scarce.

Scarcity can be measured through stock to flow ratio (inverse of inflation)

USD: 20:1
Gold: 50:1
Bitcoin: ~25:1 but trending towards infinite