Here’s a simple breakdown of 3 depreciation methods 📉
1. Straight-line: same amount each year
2. Declining balance: bigger write-offs early on
3. Units of production: based on actual use
Jeremy Grantham says this is the most expensive market in US history 🚩
He called the 2000 and 2021 bubbles. When asked how far stocks could fall, his answer is bigger than most think: closer to a 70% drop than 50%.
PE has been 60% above the 100-year norm since 2010.
Ti
Honestly, nothing would make me happier than watching Michael Saylor get sued by a thousand people and watching his entire "company" totally collapse 😂
Wealth tips that don't get enough credit:
▪️Stay out of debt
▪️Keep risk low
▪️Know what's 'enough'
▪️Don't upgrade your car
▪️Avoid lifestyle creep
▪️Stay in your home
▪️Stick with your partner