Submitted by questionasker577 t3_10nn3k3 in singularity
Prayers4Wuhan t1_j6dg0dd wrote
Reply to comment by GayHitIer in Why did 2003 to 2013 feel like more progress than 2013 to 2023? by questionasker577
This is the right answer and if anyone is interested it’s also why index investing works.
The entire economy does not grow exponentially with every company benefiting. Many companies fail and go to zero.
With buying the whole market you don’t have to guess who will fail or where the next S curve will come from.
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