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If I have $10m in the bank and I live off the interest I am, in a sense, losing money while being able to stay solvent for the rest of my life. I don't see a reason why a newspaper couldn't apply the same principle.


You will still have $10 mil, but at an average inflation rate of 3% that will be worth half in 24 years, and 1/4th in 28. So you will have less and less of a newspaper. And that's if none of your investments go bad. This kind of logic doesn't work for long time horizons.




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