1/ what units is the Y axis in?https://twitter.com/acczibit/status/1462882226174152713 …
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3/ one metric among many for valuation of stocks is P/E (price to earnings). An asset that spits out dividends has some natural price. another is (P/E) / G where G is growth, and the idea is that something that grows exponentially and with compounding is even better
4/ so getting back to OP's graph ... what value and what units are share prices at today? The fact that it's "more" than in 1500 is absolutely unsurprising and good. If you want to make an argument, you've got a LOT more work to do.https://twitter.com/acczibit/status/1462882226174152713 …
bottom right says its log(y) vs x (log-linear) and y seems to be yearly max price - yearly min price for average stock?
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