ROI is important, but it’s not the most important metric.

Our choice of where to invest is an explicit endorsement.

Whether it’s a stock, bond, or commodity, investing our money is not different from investing our time.

Money = Time x Energy.

Because simple "savings" is not possible under a fiat standard, everyone is forced to become an investor to keep up with rising costs of living.

So where to invest? In the post-Bretton Woods era, the biggest returns have been in U.S. stocks and "risk-free" U.S. bonds.

U.S. stocks and bonds benefited from a premium of the dollar being the world’s reserve currency. The U.S. imported goods and services, and exported dollars. Those dollars flowed back into U.S. equities and bonds. The result? Endless passive income flows to U.S. bonds and equities, with little or no thought to what that means beyond ROI.

For example, if you own U.S. bonds, then you are explicitly supporting U.S. foreign policy… which has been, to put it gently, violent.

If you own "defense" stocks, like Palantir for example, you are explicitly supporting all that the company does.

"Oh, but I’m just investing, I don’t support them." Yes you do.

Understandable (kind of) if you had no other choice. But now you do.

You can invest in #bitcoin, a neutral reserve asset and, more importantly, defund or divest from governments or companies that do not align with your values.

Oh, and even if your values are not in conflict with the examples I shared above, Bitcoin’s ROI has been the best-performing asset class in the world for 12 of the last 15 years.

Study Bitcoin. It’s more important than you think.