[derangedHorse]

> Isn't this the real chart to look at for that?

No, the perplexity chart is actually a really bad one to look at. It tracks a derivative of gold from 1975 onwards from which the S&P already accrued over 350% in returns. They also started the gold derivative off at a price of $178 while using the initial price of $17.57 to calculate S&P returns.

> Personally I am about $10M USD poorer for listening to people on the internet. I wish people would not spread falsities about finance that can actually ruin lives.

Ideally no one would blindly follow advice they don't understand or can't accept into their own mental model.

[tyuu]

Any advice that you both understand and fits perfectly into your mental model is probably coming from whatever dogma you already follow and is therefore useless.

Any advice you don't understand is, of course, useless.

Any advice you do understand but doesn't fit into your mental model will just get rejected.

“I always pass on good advice. It is the only thing to do with it. It is never of any use to oneself.” ― Oscar Wilde

Although certain "advice" is actually SOP, in that case it is good to know (like stop, drop, and roll).

[derangedHorse]

> Any advice that you both understand and fits perfectly into your mental model is probably coming from whatever dogma you already follow

I don't know what you mean by "fits perfectly" into one's mental model, but one can certainly accept new information validated against their own understanding of the world. People don't put an equal amount of weight in each of their beliefs and there are axiomatic ones that can be used in logical arguments to disprove the inconsistencies of others.