Archaeological digs of my stuff

We were sitting in our living room last night and my wife says, "I want to replace these chairs."

"Why?" says I. "Those are very nice chairs."

"They're worn out and a spring is busted."

"True. And I really like those chairs you helped your dad carry upstairs last week."

"Me too. You know how long those have been in my family? About 35 years."

"Really?"

"Yep, Mom's had them reupholstered and fixed three or four times."

Our living room chairs are nice. You could replace them with cheaper chairs. It'd probably be okay. But they wouldn't last.

You'd be throwing them out in a few years and the process would repeat itself.

Or... you could buy a high quality product like we did and have them last a long time. These are proof.

Then simply have them reupholstered when fashions change and repaired when springs bust. And then last for another 10-year stint in the living room.

It's the same with anything.

Buy a cheap coat, it wears out within a year or two. Buy a Filson, give it to your grandson.

Buy a cheap kettlebell, the handle breaks off and you are back where you started. Buy a Rogue and it will be part of an archaeological dig.

It's really the same with the money itself. Storing wealth in money that loses value each and every year is like storing it in melting ice cubes. But store it in an asset that you can't print more of?

Now we're talking.

I'll let you know how the chairs turn out.

Best,

John Montgomery