If you can guarantee 20-200% of return per year consistently over 10-20 years go to wall street they'll pay you millionS per year to work for them
There is a big gap between "I'm in the top 1% earners and lucked out in the market" and "Literally every software engineer can make 1m in 10 years".
Most people aren’t wealthy because they don’t even try, and instead run on a treadmill until they drop dead.
I have no interest in going to work on Wall Street or anything similar.
My entire investing philosophy is basically based on this site. There is constant signal here on what will be big in 5-10 years, and all that’s required is that you get in before the press start talking about it, too.
A $10k investment in NVDA 10 years ago is worth $2.6M now - and if you were paying attention 10 years ago, when CUDA was fairly new and shiny and rapidly gaining mindshare, you would have noticed that they were inevitably going to own the ML/AI space, and that this shit was going to be huge.
This is also why I said $1M, not $100k - because I have managed exceptional returns - but with 10x the starting capital even moderately good returns can grow rapidly. I’ve also bet on some absolute lemons where I’ve lost every last red cent.
Either way, it seems that many would sooner be bitter than do something to improve their situation, which is sadly very common, and again, why not everybody is a millionaire.
Also, edited nitrogen fixers. Haber-Bosch is going to be hard to sustain with environmental targets.
Oh, and DRI, same kind of reason, as coking coal is likewise going to fall foul.
I could be totally wrong, but that’s seemingly the drift of things, and where I have lately been placing my chips.
Went long on nuclear power as soon as AI started to take off, and there’s still ample headroom there too.