The market is a lie anyway. 9% a year average means nothing. Based on the cost of food and various forms of entertainment over the past century, USD inflation is about 7% per year. Add to that capitol gains tax and most people not smart enough to re-invest to avoid taxes, that gives you... you guessed it, 9% per year. The stock market is not a +EV game, it's a neutral EV game. Thankfully, just like with poker, people are dumb enough to give you an edge.
Well said mate. Its the only way to "break even" if you wish to hold, long-term, an inflationary currency.
