finally found a chart (s&p 500, 1950-2010) that not just shows nominal/real or price/total but real returns for price vs. total (dividends reinvested).
this table provides some additional info, e.g. [more or less accurate] distribution rates:
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Except for those hardcore lumpsum advocates (even in this very forum).
Note the âworldâ â whatever that means â line: 22 effing years.
âVT and chillâ becomes "VT and literally chill for 22 years? 
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VT & die
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customer: tell me more about that risk-free product.
advisor: sure! itâs ⊠also return-free.
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Iâd hazard a guess that most people understand the impact of inflation as they can see it in their supermarket bill, but not inflation-adjusted returns.
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Itâs kind of amazing how short lived these bubbles are after all in the grand scheme of things.
Yet when youâre in it and living through it and are observing the asset bubble and you just know itâs a bubble â letâs pick ARKK or Ark Invest â I find myself head-shakingly asking myself how is this lasting this long and why the heck is it still again going up, why do people believe this crazy lady fleecing investors via fees and why isnât this thing valued zero already ⊠I mean even after the ARK fund investors lost cumulatively double digit billions of USD, she still appears on major â well, maybe I should put this word in quotes â âmajorâ financial news shows like CNBC or Bloomberg.[1]
[1] Spoiler answer to myself: because they are not financial news shows, they're financial clown entertainment shows.
Goofy, grow up, man!
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What surprises me is that they show Bitcoin as finished, although it is now above the level of 2021.
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It would be interesting to know how they classified the bubbles theyâre displaying. I couldnât find the original source fo the image but my Search-fu might be weak today.
Where does it originally come from?
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Hereâs a secondary source: The biggest market bubbles since 1977 | Trustnet
Via Chat-GPT, couldnât find / access the original report, either, after having spent an exhaustive 2 minutes on searchin âŠ
(The publishing date of around late 2023 might also explain the Bitcoin conundrum of the bubble not yet finished ⊠well, as of now 
)
How are the bubbles defined? I think itâs important to establish a level footing.
What makes gold a bubble in the 70s and not today, or ever considering itâs a speculative asset?
Also why do some go to sub zero and some stay positive?
If you have a source it could spare more questions.
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No idea, but it looks quite correct. I could trace it to this
Goofyâs definition: I know it when I see it - Wikipedia
Maybe slightly more seriously: you know years after, after the crash has truly hit bedrock bottom, and after everyone claims it was obvious to see that it was a bubble and moves on from it?
Fairly valued, overvalued, then undervalued? Like MBS.[1]
Really dunno, man, Iâm just a dawg on the Interwebs.
Hardest to comment on for me as I know on this forum Iâll likely ⊠ahem, create new ⊠let me rephrase: thereâs probably a number of people here who believe gold is significantly different from Bitcoin. I would even agree with them. But Iâll still come down on Warren Buffettâs summary view on gold[2] and donât plan to own it actively.
[1] Mortgage Backed Securities, once fairly valued, once overvalued, once undervalued.
Now, IMHO, fairly or slightly undervalued.
[2] Which I think is that he dislikes gold as an investment because it doesnât produce income or grow in value through productivity. He prefers businesses and stocks that generate cash flow. Gold, to him, is a speculative asset people hope others will pay more for later.
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