Log scale is used to track what’s already happened. Not what might happen.
Only if your thesis is that there will be an exponential growth indefinitely. Log scale smooths things out too much for me. It doesn't show events in perspective.
We're not talking about the future.
Except for when indefinitely means indefinitely
OK, it's official, I no longer believe in Tesla and my profits are buying me lunch.
OK, it's official, I no longer believe in Tesla and my profits are buying me lunch.
Thanks for posting. Very informative. The chart substantiates this Buffet quote, particularly, passage of time:
"All that's required is the passage of time, an inner calm, ample diversification and a minimization of transactions and fees," - Warren Buffet
Yes and no, that chart's log scale on one axis. It smooth everything out. Look at it when it's not distorted and it tells a slightly different story. Namely that a twenty year period can turn your investments into garbage quite easily, and if you don't have twenty more years to see improvement, you are fukted.
Goddamnit. Its always in the details.