Compound interest over historical timescales is fucking insane. Have you guys ever calculated it? If one did the extremely difficult work of rising to power and owning the money printer, let's say you now can buy all assets in the world for sale which are worth $1 quadrillion. Now let's see how long that would take with compound interest instead. The stock market has gone up 6% AFTER inflation every year since 1900 (on average). So let's continue that into the future... it turns out it's only 474 years if you start with only $1000 in the market. $1 trillion is 396 years. If you start with $100k in the market $1 trillion is 277 years. Now let's say humans cure aging. People can easily have more wealth than they could ever spend after maintaining a portfolio starting at even a very modest size for centuries.Conspiracy territory below (was a bit too long but I don't have a counter showing me how short it's supposed to be because this website is autistic so I just gave up and did a pastebin):>https://pastebin.com/UrcqgbFD
Can I bump my own thread in /biz/? I guess I'll find out.
Whats your point? Most generational wealth gets blown in 3 generations or less. It will also be split by more and more people. If a couple just has 2 kids that marry other wealthy families and continue that pattern, then youre cooking...but it only takes one retard to fuck it all up
>>62245893It doesn't work that well because private property isn't that stable.America is survivorship bias. Most people's wealth in the world got reset in 20th century, maybe except primary residence.
>>62248217If you were high IQ, married a high IQ woman, and had high IQ children consistently, they wouldn't blow their wealth. Also your family will grow but it's nothing compared to 6% ROI every year. The maximum number of descendants you will have is probably in the millions, which is unrealistic, but after 800 years your initial $1k becomes 175 sextillion dollars. You'd probably have to make use of secrecy and a shadow military to maintain that level of wealth.>>62248234Can't you just spread your wealth around many major stock markets and flee if a war breaks out to a country which is not involved? Ex: the entire southern hemisphere. Also sell your wealth if a war breaks out. Nowadays there's bitcoin so you can just flee on a private jet with billions in a hardware wallet.
>>62248351Right...thats why its only like a handful of families that acheive this out of billions. The forbes list niggas arw poor compared to these hidden dynasties
>>62245893Doesn't work like that, it gets harder and harder to get returns the more money you have. Diminishing returns. Read berkshire letters to investors.
