Outside of index funds and Bitcoin I mostly own growth stocks. I just like the idea to own a piece of the future. I know the PE multiple are insane but I want to own the innovation. if deflation from tech is pushing all prices to 0 I want to own the tech that made it happen. At the limit what becomes of the “economy” how do you even put a price tag on it.
Discussion
Owning disruptive tech is temporary. Apple invented iPhones now there is so many smartphone companies... You can eventually capture innovation but it will not last. Bitcoin is the best hedge against tech deflation on a longer term.