All investments prioritize exit strategies above all else.

The real purpose of investing is to harvest other people's future time, not to hold something forever.

The essence of wealth is other people's time—just as the essence of money is an IOU, someone owing you their working life.

Investment comes down to two things: which metrics signal a buy, and which signal a sell. It's in the act of buying and selling that you complete the harvest of others' time.

The same logic applies to gold. You can't even rent it out. You'd hold it your whole life and what would you do with it? The ultimate goal of investing is to seize other people's time—not to sit around staring at a pile of rocks.

The endgame of every speculative act in this world isn't to acquire some tangible thing, but to obtain someone else's freedom.
As a landlord, what you truly need isn't a house or gold—it's other people's freedom.

You want others to owe you. You want them to lose the free disposal rights over the time in their latter half of life. That's the real purpose.