Disney vs M2 Money Supply
Since 1985, Disney has shown a nominal return of +8,973.4%, while M2 money supply has grown by +847.9%. When adjusted for M2 money supply expansion, Disney's real return is +857.2%.
Key Insights
Disney has returned +8,973.4% nominally since 1985, but only +857.2% when adjusted for M2 money supply expansion. This means approximately 90.4% of Disney's price appreciation is due to monetary expansion rather than real value growth.
Performance Summary
Period: January 7, 1985 to November 3, 2025
What This Means
Disney has significantly outperformed M2 money supply expansion, indicating strong real value appreciation. This suggests the asset has generated genuine wealth beyond what can be explained by monetary expansion alone.
Adjusting stock performance for M2 money supply expansion reveals how much of price appreciation is due to monetary policy versus real value growth. This perspective helps investors understand whether an asset is generating genuine wealth or simply keeping pace with money supply growth.