I recently got engaged. The guy helping me through the process said they now sell 90% lab grown. He brought out 2 diamonds, a 2.2 karat natural and a 2.7 karat lab grown of similar quality. He said the natural costs $20,000. The lab grown costs $900.
When considering the costs of a wedding / down payment for a home all happening in the next 12 months, it makes the decision very easy. We're in our 20s and the shock of older people looking at the ring who don't understand the lab grown business is pretty funny.
A pet idea of mine is that the equity risk premium will eventually vanish or go negative, and stay that way. If interest rates go back to <=2% then we could see US equity indices trading at 50x-100x earnings.
The logic is that while individual stocks are clearly much riskier than fixed income, a diversified stock portfolio is in many ways much *less* risky. Consider the Treasury default scenario above, the 2021-22 bond crash, and the looming prospect of confiscatory taxation of bond coupons or other forms of financial repression as demographics ruins the government's fiscal position.
I recently got engaged. The guy helping me through the process said they now sell 90% lab grown. He brought out 2 diamonds, a 2.2 karat natural and a 2.7 karat lab grown of similar quality. He said the natural costs $20,000. The lab grown costs $900.
When considering the costs of a wedding / down payment for a home all happening in the next 12 months, it makes the decision very easy. We're in our 20s and the shock of older people looking at the ring who don't understand the lab grown business is pretty funny.
A pet idea of mine is that the equity risk premium will eventually vanish or go negative, and stay that way. If interest rates go back to <=2% then we could see US equity indices trading at 50x-100x earnings.
The logic is that while individual stocks are clearly much riskier than fixed income, a diversified stock portfolio is in many ways much *less* risky. Consider the Treasury default scenario above, the 2021-22 bond crash, and the looming prospect of confiscatory taxation of bond coupons or other forms of financial repression as demographics ruins the government's fiscal position.
Vs the “American Dream” imagine people no longer chasing it and becoming more transient and thinking from a completely apolitical viewpoint
Risk of solar flares taking out the taking out all the planet's electrical grids at once.