Bau simultaneously dismantling both the “index funds are Ponzi schemes” take and the “(th|m)eme investing is a recent phenomenon” take. Worth a read, as always.https://twitter.com/bauhiniacapital/status/1371027887130697728 …
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After all, there are only a few assets of permanent undeniable value: Minhwa tiger/magpie paintings, good Rokansai baskets, great chairs, a well-sorted 1960s Italian sports car,
@quantian1 's wine cellar. Oh... and#BargeSpottingNFT. Get'em while they last.
Only disagreement is q’s wine cellar which, given observable rates of consumption, must be heavily dependent on new inflows to maintain its current value.
