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I'm talking about data since 1870 till the present (courtesy of Robert Shiller). It shows very clearly that dividends > price action over periods of 20yrs or longer.

You have an opinion against data.




> You have an opinion against data.

And when your data runs contrary to Amazon, Apple, Facebook, and tons of other points of data in today's market... I think its reasonable to question the data. Is data from 1870s still relevant today? The USA was still on gold + silver (silver standard!!), and the Fed didn't even exist yet.

Case in point: maybe your data is only relevant during the times when the gold standard was still being followed (before the 70s, when Nixon finally ended the gold standard).

The economy of today's market is grossly different than 1600s era Dutch traders.


There's nothing new in the markets. Tech is the new Nifty-Fifty:

https://en.m.wikipedia.org/wiki/Nifty_Fifty

Are those companies bad? Probably no. Will they plunge and be available at a steep discount? Quite likely.


one could argue that the stock market of today is vastly different beast from that of 1870, or even comparing to 1970.


Markets have existed for a long time. The Dutch were trading stocks in 1600s already. It's actually more likely that it is still the same thing.

http://bilalhafeez.com/the-oldest-book-ever-written-on-tradi...

They even had options, called "opsies".




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