The Toyota Everyone Thinks Beat Stocks
A $39,900 1994 Supra Turbo vs the same money in the S&P 500 with dividends reinvested: real, condition-labelled public-sale receipts (2019–2026) against a total-return line that reaches nearly $600,000 by the 2022 annual-average endpoint — about 15x. No invented car-price curve.
—credits4sourcesAll episodes
Data sources & references
03Car sale receipts — RM Sotheby's 2019 ($53,000; $173,600), Mecum May 2022 ($154,000), Cars & Bids April 2024 ($62,500), Classic.com sold-listing history (2026 spread)