After Prices

An investor, Larry Fink, said in Detroit that assets beat wages for 25 years: about 10% a year in US stocks. Aki: by how much? Old Tane: a dollar in shares in 2001 became nearly eleven, dividends reinvested; a week's median pay went from $596 to $1,251, near double. Lord Ozen: wages doubled, everyone is rich! Aki: after prices, twelve percent.

Fink's other claim in Detroit was that owners of assets have beaten wage earners, with 25 years in the US stock market returning about 10% a year, and the arithmetic bears him out: a dollar in the S&P 500 at the end of September 2001 became nearly eleven with dividends reinvested, while the median full-time weekly wage went from $596 to $1,251, about 3% a year, which after inflation is a raise of about 12% over 25 years.

Starring

🎙️The TellerAkiOld TaneLord Ozen