Knowledge is Power: FIRE, US Stock Valuations, Retirement Edition

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Before the Global Financial Crisis(GFC) of 2008-09, FIRE used to mean Financial Services, Insurance and Real Estate(FIRE) to define the US economy. FIRE sectors used to the hottest to be in. Then the FIRE burned out economy. Nowdays millennials have redefined FIRE to be Financial Independence Retire Early where people extreme measures to retire as early as 30 or 40 to escape the daily grind of crazy corporate life in the US.

Butter Cow

The Lithium Triangle: Maps

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The Lithium Triangle contains over 70% of the world’s lithium reserves. The below map shows the location of this resource-rich area:

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Source: gxy.com

From The Absolute Return Letter by Niels Clemen Jensen:

Lithium can be found on all continents. China has significant reserves and so does Australia, but South America holds the biggest reserves and produces the most lithium – the majority of it in an area called the Lithium Triangle, which is where Argentina, Chile and Bolivia meet (Exhibit 3). The Lithium Triangle accounts for well over 50% of global lithium production.

The Lithium Triangle is known for its high quality salt flats, including Bolivia’s Salar de Uyuni, Chile’s Salar de Atacama, and Argentina’s Salar de Arizaro. The Lithium Triangle is believed to contain over 75% of existing known lithium reserves with Bolivia alone accounting for about half of global reserves.

Source: The Absolute Return Letter – Nov 2018, Absolute Return Partners

Updates (9/17/23):

World GDP by Country 1960 to 2017: Chart

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The GDP growth by select countries of the world since 1960 is shown in the cool animated graphic below. China’s growth since 2000 is astonishing.

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Source: Ramiro Marra