Do you realise that that kind of ROI has never been normal?

In the old days (pre 2000), around 6-8 pct per anno was considered good and anything over 10% stellar.

By making 10-baggers feel normal, more people are feeling FOMO and taking "investements" they don't understand and does not have the money for. As soon as they get a margin call they are dead in the water...

Wealthy people historically have either worked up the money (the key word "work", though not as an employee) or inherited it.

Today people are asking, "having 10 dollars, how can I be a billionaire next week"? There IS no way of getting a 10x return even in a decade, unless

a) You are fine with "robbing" other people (i.e. being early and exiting early) in a fraud (and I count all the cryptos as fraud).

b) you are doing something of tremendous societal value ON YOUR OWN RISK. I.e. building a company that produces stuff that customers want to pay for...

c) taking a hugely leveraged calculated risk based on your view on long term market conditions (and that is also EXTREMELY risky)

That was the reason Silicon Valley produced so much wealth, they made PRODUCTS that others wanted. Today I am not so sure Silicon Valley's value proposition anymore..

I for one am fine with a solid financial plan, where I day-to-day feel wealthy enough and have a nice saving for my retirement.. (And I expect only 5% per anno to make it work)