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April 26, 2016
Motley Fool: Warren Buffett tells you how to turn $40 into $10 million
If Warren Buffett really is telling you how to turn $40 into $10 million as the headline claims, then surely he is also telling his heirs how to turn his $67 billion dollar fortune into $16,750 trillion. Need to see the math? Sure, no problem.
$40 x 250,000 = $10 million
$67 billion x 250,000 = $16,750 trillion
Damn. I sure hope this plan doesn't involve hyperinflation, but if it does then I sure hope I am long since dead and buried.
For what it is worth, extrapolating exponential growth from the distant past well into the distant future makes me want to bash my forehead into my desk, repeatedly.
Forehead. Desk. Whack. Whack. Whack.
Early Q3 GDP Tracking
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From BofA:
Next week, we will initiate our 3Q GDP tracker ... [August 8th comment]
emphasis added
From Goldman:
[W]e boosted our Q3 GDP tracking estimat...
1 hour ago
1 comment:
In 1903, Wilbur Wright flew his airplane at 6.82 mph.
In 1965, Robert L. Stephens and Daniel Andre flew their airplane at 2070.1 mph.
In 2027, somebody is going to fly their airplane at 628,345 mph. That's roughly 820 times the speed of sound.
Mark it on your calendar. It's only 11 years away. That's assuming we can simply extrapolate the exponential growth in airspeeds forward, of course.
Forehead. Desk. Whack. Whack. Whack.
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