I believe that there might be a counterargument somewhat along these lines.
1. Effective interventions will largely depend on investments in information/prestige goods because they will probably aim to steer the usage of much larger resources.
2. These kinds of investments are made in competition with other investments in information/prestige goods aiming to steer the usage of much larger resources.
3. The ratio between information/prestige goods and physical goods changed much during the last century. Information/prestige goods are a much larger portion of our production/consumption today than a hundred years ago. We might reasonably expect this trend to continue, at least globally, for the coming century.
To me these premises seem to lead to the conclusion that:
4. The invested funds must surpass general economic growth and reach general growth + change towards information/prestige goods in order to be better compete for steerage of larger resources in a hundred years time than now.
The obvious approach would be to by-default invest in the stock market, (or maybe a leveraged ETF?), and only move money from that into other investments when they have higher EV.
I believe that there might be a counterargument somewhat along these lines.
1. Effective interventions will largely depend on investments in information/prestige goods because they will probably aim to steer the usage of much larger resources.
2. These kinds of investments are made in competition with other investments in information/prestige goods aiming to steer the usage of much larger resources.
3. The ratio between information/prestige goods and physical goods changed much during the last century. Information/prestige goods are a much larger portion of our production/consumption today than a hundred years ago. We might reasonably expect this trend to continue, at least globally, for the coming century.
To me these premises seem to lead to the conclusion that:
4. The invested funds must surpass general economic growth and reach general growth + change towards information/prestige goods in order to be better compete for steerage of larger resources in a hundred years time than now.
Stock market returns are larger than the economic growth rate, so it could still work? In fact, that could even speak in favor of investing?
Yes. But it moves the hurdle quite a bit I would guess.
The obvious approach would be to by-default invest in the stock market, (or maybe a leveraged ETF?), and only move money from that into other investments when they have higher EV.