Retail investors obsess over entry points (buying the dip); professionals obsess over exits (liquidity events). On My Story Your Story, Nas clarifies the endgame: “The exit strategy was always the goal / Now the equity’s a story that never gets old”.
Why is the equity story timeless? Because it provides detachment from the daily grind of inflation. Nas notes, “Inflation hitting the bodega, the price of the hero rose / But the value of the verses, only God knows”. This is a profound macro observation: Inflation destroys cash flow and purchasing power at the bodega, but it rewards scarce assets like intellectual property and equity.
Nas is essentially describing the difference between "nominal" and "real" assets. As we explored in the "Fiscal Theory of the Price Level," when government debts exceed the faith in repayment, you get inflation. In that environment, the "bodega" owner gets squeezed by rising input costs and a consumer with less purchasing power. However, the owner of intellectual property (the "verses") possesses an asset with infinite pricing power and zero marginal cost of reproduction. This is the ultimate hedge against the "debasement of currency". You want to own things that re-price upward when the Fed prints money, not things that require you to work harder just to stay in the same place.
The Financial Takeaway: Wealth that survives cycles must outlast narratives and retain pricing power independent of the CPI print. If you don't have an exit strategy—a way to eventually detach your lifestyle from your labor—you don't have an investment; you have a job.
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