And here is one for 55+yo: https://fred.stlouisfed.org/series/LNS11324230

All is fine

Honest question: why would one switch from a much more capable "carry everywhere" smartphone camera to this? Especially since phone is truly carry always & everywhere and that computational processing squeezes out insane amount of photo quality from already excellent phone cameras.

Also, disagree on options and futures market. They do provide important economoc function of price discovery and insurance against risk

On lived experience: my lived experience tells me the Earth is flat.

Sure, HTF is zero sum. I just think that focus on it is excessive. 99.9% of businesses are not. Regret would be nice to include in consideration but I doubt one can reliably measure it in practice

Why being tangiable so important? E.g. a billionare made it on physical music CD cs one made it on music streaming? As long as it's legal, why prioritize physical form?

It is true that middle class has been shrinking. What is often overlooked though ks that the majority of that middle class moved on to the upper class, so not bad at all and aligns with "growing pie"

Here is net wealth increasing for all, let's celebrate: https://commons.wikimedia.org/wiki/File:1962-_Net_personal_w...

My point is that the pie is growing and all are benefitting. Yes, rich may be getting more but not at the expense of poorer people as their wealth is increasing too. It's rather unfortunate but it seems that the pies grows fastest (and poor benefit from that growth too) when wealth is allowed to accumulate and yes that means more inequality but if all get better off, that's the price we have to pay for faster growth of total pie

The best we can do is learn from natural expriments like Finland and Estonia being about as rich before ww2, then by 90s the gap got massive since one was forced adopt more redistributive policies. Same with North / South Korea. Here we have at least some hope of extracting causality

Because statistics clearly show median real wealth growing rapidly: https://fred.stlouisfed.org/series/MEHOINUSA672N

You also have a lot more tries with cheap drones since the target is lower value, so you have hundreds of data points on how each iteration performs vs hitting a naval ship which is an extremely rare event, so it's hard to see whether your iteration on a rocket actually succeeded.