People on huge salaries live paycheck to paycheck, spend money on ridiculous cars, and live in huge houses full of junk that they bought stuff on credit. What we're saying is, instead of that, save a large proportion of your salary so you can retire early, and even if you don't choose to do that, be in control of your future.

Yes, I understand statistics and survivorship bias - I’m a mathematical physicist by training. I’m also a pretty average schlub.

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.

Ok, I'll bite. What's going to be big 5-10 years from now?

For one, humanoids. Buy the shovel vendors, not the miners.

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.

What lemons did you bet on?

Stuff I didn’t understand, in short - biotech, mostly. I can’t even remember their names, which kinda underscores why they were bad bets. Fortunately small stakes, and at least they’re a tax write-off against some of the gains.