Yes, I agree. I was explaining to my 14yo who was astonished that a real estate investment I made when she was born was up in value over 300% just 14 years later. I had to caution her though that when I bought it, a gallon of gas and a BigMac were both $2 and are now 300% more. So I asked her to do the math and she correctly calculated that my investment had gained 0% in real value. We were both relieved that at least it hadn't lost money...
I dont think that GM is lying, that supposes intent that is difficult to attribute to another. Perhaps he/she is just wrong in an assessment or perhaps we are wrong in our analyses of what he is saying.
I try to be fair...at least to a point. Still want to know what TBTF stands for....?
Jan 25, 2024
at
5:36 PM
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