The Buffet Bubble.
https://2.bp.blogspot.com/-HLlzBwyqobk/T6gWQX6vUkI/AAAAAAAAA3g/EI5tt-t4vcA/s1600/brkgold.pnghttp://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/02/warrensbubble.jpgThe problem with Warren Buffet's advice is it completely ignores the harsh realities of taxes and inflation. Once taxes and inflation are factored into the Sp500, returns plunge to roughly 1.5% annually. The government will end up with the majority of your stock gains, as it taxes both corporate income and dividend. "Productive" investments require a friendly environment to properly deliver returns.
One of the benefits of crypto, it allows building systems where those 2 dead weights do not apply.
A gold bar sitting in your basement doing nothing still buys the same value of US stocks as it did almost 70 years ago. This also makes sense, as I don't think anyone believes the US industrial base is 1000x bigger. Where have all the gains gone? Into government coffers via taxation and inflation.
http://pricedingold.com/charts/SP500-1880.pdfThere's a time and place for every asset class. If the monetary system was sound to begin with, bitcoin would probably never have come into existence.
