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swifteagle
@swifteagle8
Trying to compound capital
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Mar 17, 2019
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4 tweets
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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