tired: SlateStarCodes blue tribe / red tribe as The Culture vs The Walking Dead wired: blue tribe / red tribe as equity vs debt investorshttps://twitter.com/patio11/status/1134035692109959168 …
this this is a solved problem equity never goes to zero not in 500 years of stock markets INDIVIDUAL equity sometimes does which is why you have portfolios 2 uncorrelated equities safer than 1 3 safer than 2 Even the German stock market didn't go to 0 despite WW IIpic.twitter.com/NFODllDNWV
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It takes more than the lifespan of the stock markets (~500 years) It has NEVER happened. It would likely take a massive nuclear war. ...which is going to wipe out debt too. Which invalidates the argument "debt is safer than equity over the long term".
End of conversation
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