Talking Points: August 3, 2020

 August 3, 2020

In 19 of the last 30 years, the S&P 500 has outperformed the rest of the developed world, measured by the MSCI Europe, Australasia, and Far East Index, with a cumulative return of 1,574% versus 235%. Marketwatch, July 30, 2020

Starbucks, which controls 40% of the United States coffee market, will owe $1.25 billion in rent over the next year at its 16,000 company-owned stores. Numlock News, July 30, 2020

Jeff Bezos has added $74 billion to his net worth in 2020 alone, making him personally worth more than McDonald’s or Nike. Bloomberg, July 20, 2020

“The greatest enemy of knowledge is not ignorance; it is the illusion of knowledge.” Daniel J. Boorstin

When it comes to how much it takes to be considered wealthy, Americans now say it’s an average net worth of $2 million to achieve that status, down 23% from $2.6 million in January. When asked how much they would need to be comfortable, respondents said an average net worth of $655,000, down 30% from an average of $934,000 cited in January. CNBC, July 27, 2020

For 16 years, rising metal costs have made it more expensive to make and ship pennies than they are worth. The penny’s 2¢ price tag amounted to a loss of over $72 million for the mint last year. Nickels now cost 7.62¢ apiece to produce. Morning Brew, July 23, 2020

NYC has an area of 303 square miles, and the whole human race, 7.3 billion people, could fit inside it—with room for another half a billion people. Specifically:

  • Manhattan could fit 590 million people
  • Brooklyn could fit 1.38 billion people
  • Queens could fit 2.83 billion people
  • The Bronx could fit 1.09 billion people
  • Staten Island could fit 1.51 billion people

Wait But Why, March 3, 2015

 

Never miss another Talking Points. Sign up here


Share this on: