Once I realized that assets like the S&P and equity portfolios and real estate are driven primarily by monetary policy of the central banks, then I realized that holding money at 0% interest when the money supply is expanding at 10% is losing 10% of your wealth a year. And then I realized that, in fact, the money supply was expanding not at 10% but about 25% a year starting with the pandemic, and I was going to lose half my wealth on that treasury within 36 months.