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A comment on Inheriting is becoming nearly as important as working. Parent comment
This significantly challenges the "if America’s rich families in 1900 had invested passively in the stockmarket"
e.g. the equivalent of S&P 500 if adjusted by inflation was in 1982 was well below it's 1929 peak. Almost all growth happened after that.
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This significantly challenges the "if America’s rich families in 1900 had invested passively in the stockmarket"
e.g. the equivalent of S&P 500 if adjusted by inflation was in 1982 was well below it's 1929 peak. Almost all growth happened after that.