Patterns: 15 Yrs Ago S&P 500 hit 666! (Patreon)
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During the peak of the global financial crisis, the S&P 500 plummeted to 666. Interestingly, while some may associate this number with negative connotations in certain religious beliefs, in various Asian cultures, it is seen positively, symbolizing health. My fascination with numbers and patterns brings to light a remarkable coincidence: exactly 15 years ago, the S&P 500 stood at 666, and as of today, it has surged by 651.38%. Imagine if it was 666 - I would probably freak out.
Anyhooo..... this growth translates to a compound annual growth rate (CAGR) of 14%, mirroring the global average rate of currency debasement. This raises a common question I encounter: why is there a need to achieve returns exceeding 14% to maintain financial stability? The rationale is straightforward—it's about staying afloat. Earning below a 14% return per annum means falling behind in the economic race. This isn't speculation; it's a matter of simple mathematics.
Nite nite team.