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by jpmattia 2494 days ago
Once you include the data from Buffet's earlier career, total-market-cap to GDP makes more sense. For example: https://static.seekingalpha.com/uploads/2010/7/23/98115-1279...

Edit: If it were up to me, I might work in monetary supply somehow too (The gold standard ended in 1972 or so). But maybe there's a reason they call him the Oracle of Omaha, and nobody calls me the Oracle of Santa Monica.

1 comments

That's interesting, there's that plot that floats around of the labor share of GDP growth diverging from productivity coinciding with the end of Bretton Woods, which is striking to look at, and I have no idea how to reason about conditions before compared with conditions after.