𝗜𝗳 𝘆𝗼𝘂 𝗵𝗮𝗱 𝗽𝘂𝘁 $𝟭 𝗶𝗻 𝗨.𝗦. 𝘀𝘁𝗼𝗰𝗸𝘀 𝗶𝗻 𝟭𝟳𝟵𝟵 𝗮𝗻𝗱 𝘀𝗶𝗺𝗽𝗹𝘆 𝗹𝗲𝗳𝘁 𝗶𝘁 𝗮𝗹𝗼𝗻𝗲, 𝘆𝗼𝘂𝗿 𝗴𝗿𝗲𝗮𝘁-𝗴𝗿𝗲𝗮𝘁-𝗴𝗿𝗲𝗮𝘁-𝗴𝗿𝗲𝗮𝘁-𝗴𝗿𝗲𝗮𝘁-𝗴𝗿𝗮𝗻𝗱𝗸𝗶𝗱𝘀 𝘄𝗼𝘂𝗹𝗱 𝗯𝗲 𝘀𝗶𝘁𝘁𝗶𝗻𝗴 𝗼𝗻 𝗿𝗼𝘂𝗴𝗵𝗹𝘆 $𝟮𝟬𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝘁𝗼𝗱𝗮𝘆. Today's podcast is about my next book: 𝘐𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 𝘪𝘯 𝘈𝘮𝘦𝘳𝘪𝘤𝘢: 𝘛𝘩𝘦 𝘙𝘪𝘴𝘦 𝘰𝘧 𝘢 250-𝘠𝘦𝘢𝘳 𝘉𝘶𝘭𝘭 𝘔𝘢𝘳𝘬𝘦𝘵 - out July 4! 🍎 Apple: 📺... YouTube: → Pre-order Investing in America: → Learn more about the book:show more

Admittedly using AI, the book value of private assets held in the US in 1799 is estimated to upwards of $1 billion. In 2025, that estimate reaches upwards of $500 trillion. Forget all the noise of the other commenters, that is a gain in book value of $500,000. Now adjust that on a per capita basis and you are now getting close to $1,000. If you assume price-to-book holds constant, that is 1000x. What am I missing? (I know some are not productive assets but that is off by 100,000x.)

Complete BS. 26% of US stocks delist every 15 years, there are very few you could have purchased then that made it today.

Ridiculous statement. So If someone in 1799 had the equivalent of $40,000,000 and put it away not for their kids, not their grandkids, nor their great grandkids, but for some future relative? Yeah, money compounds, we know. But your example is ludicrous on both amount invested and timeframe.

Good analysis, if you just ignore the fact that there were no "U.S. stocks" in 1799 to put your money into.

And yet, they all sold during the crash of 1808

This man is a fucking idiot

Sure, if everyone in your family remembered to check their account every few months, otherwise the bank would claim it was abandoned property and sell it off.

Someone would need $2708 today for the $1 equivalent. When someone reads that, set up a Roth IRA for your kid TODAY with that amount and let it compound.

Funny and interesting… but that never happens… who’s capable of holding onto an investment for more than 200 years… there’ll always be someone in the family who’ll pocket the cash at one point or another

"𝗜𝗳 𝘆𝗼𝘂 𝗵𝗮𝗱 𝗽𝘂𝘁 $𝟭 𝗶𝗻 𝗨.𝗦. 𝘀𝘁𝗼𝗰𝗸𝘀 𝗶𝗻 𝟭𝟳𝟵𝟵 𝗮𝗻𝗱 𝘀𝗶𝗺𝗽𝗹𝘆 𝗹𝗲𝗳𝘁 𝗶𝘁 𝗮𝗹𝗼𝗻𝗲, 𝘆𝗼𝘂𝗿 𝗴𝗿𝗲𝗮𝘁-𝗴𝗿𝗲𝗮𝘁-𝗴𝗿𝗲𝗮𝘁-𝗴𝗿𝗲𝗮𝘁-𝗴𝗿𝗲𝗮𝘁-𝗴𝗿𝗮𝗻𝗱𝗸𝗶𝗱𝘀 𝘄𝗼𝘂𝗹𝗱 𝗯𝗲 𝘀𝗶𝘁𝘁𝗶𝗻𝗴 𝗼𝗻 𝗿𝗼𝘂𝗴𝗵𝗹𝘆 $𝟮𝟬𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻"

Inspiring listen, thanks! One detail I’d be curious to see in such a book (perhaps volume 2): how much of a bite would taxes and fees have taken out of that $200 million since 1799? OTOH, I’d expect trading costs to be huge until 1916, then taxes a bigger factor since.

Which US stocks would granddad have bought in 1799?

$1 invested at 1% interest when Christ was born would be worth $569 million

Is this a joke?

Depends on which “US stocks”, doesn’t it? Its not like there was a VTI back then

What would they have if you consider tax?

$1 was worth a good amount back then

I hope you know the losers are not accounted for in those stats.

But you would be dead.

Thar assumes no one spent any money