IN DEBT WE TRUST

The first time someone “beat the market,” the market wrote it down and got revenge later.

✗ FAKE
Market performance is measured against benchmarks, and few investors outperform them consistently over long periods. The claim about the market writing it down is a joke.

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Compound interest was discovered by a man watching mold grow. He said “wow… money can do that too?”A “budget” was invented as a bedtime story to help adults fall asleep. It has never worked.The time value of money states that a dollar today is worth more than a dollar tomorrow. Mostly because you’ll already have spent it.The U.S. dollar is the most widely used reserve currency in the world. Basically, everyone’s ex they still rely on.The first “exit” was invented because founders wanted to leave the group chat called responsibility.“Diversification” was invented after someone put all their gold in one basket and the basket had opinions.See all In Debt We Trust facts →

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The first time someone “beat the market,” the market wrote it down and got revenge later. | SmartAss Facts