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What’s on my mind these days? Here’s one thing. Based on this Bridgewater article, out of any 15-year period to be invested in US stocks dating back to 1970, the one we’ve just lived through was the best (2010 through end of 2024).

I was a bit surprised to see this. I’m disappointed that the same chart for growth in average inflation-adjusted worker income does not look the same at all. What does it mean for the future? I have no idea. Maybe our economic system is just tilted towards rewarding businesses instead of the average worker now, and high performance will be the norm. Maybe the next 15 years will have horrible performance, but the average worker will earn a much better relative income. Will AI simply reward the huge corporations even more, or will we find a way to distribute the benefits?