Re: Is the stock market +EV?
Just semantics. If I inherited 10 million acres of undeveloped American land, rich in natural resources, animals, water, oil, etc., and in a desirable location for urban development, I would have lots of natural wealth. Yes, work must be done to develop it, but it's wealth.
You can define wealth in slightly different ways, but it would not be that useful to pretend the land itself has no wealth or is not a form of wealth. It's natural because I did not create the land. I create a bicycle through my work.
The land was there before man was around, hence my definition as natural.
Just semantics.
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