He probably makes $10k a year.

It would be very interesting to see a chart of flows for this cohort post 2020 to further your point. I’m in the group and I’ve kept putting money in, but know a ton of people who got burned it 20-21 and lost interest.

Doesn’t explain all of it of course, but some of that is just how compounding works.

But agree with your larger point that this cohort is fickle and will likely turn on a dime if the market ever suffers a prolonged bear.

My guess is the move away from pension plans has also driven a lot of this.

Anyone besides OG might’ve dropped it. Needed two baseball gloves.

Has anyone suggested Condoleezza Rice yet

Right, I get it. Not saying I agree or disagree, but it seemed like that overarching narrative hit around the time certain sectors started ripping.

Seems like real assets soared after the market saw QE put back on the table.

Last year, China generated more than twice as much electricity as the U.S. Some Chinese data centers are now paying less than half what American ones pay for electricity.”

www.wsj.com/tech/china-a...

….talk about Rich Rod signing 100 high school players this cycle

Is this just OpenAI admitting they either can’t compete with Nano Banana or don’t have the cash on hand to do it right now?