The Prison Of Financial Mediocrity

Introduction I am not a stock picker. I worship at the altar of a large breadth of low confidence (<= 53% win-rate) bets, but I am absolutely betting the house that long degeneracy is the prevalent socioeconomic theme of the coming century.

It is why people above the age of 40 will recommend you to get better at your job and increase your salary, whilst everyone else seem to be ignoring exactly THAT and desperately clawing at something, ANYTHING that can give them a shot of outrageous success. The easiest thing to sell to a crowd like this is "hope", and when you understand this, you will understand the rise of the casinos (in all forms, dexes, prediction markets, etc) and the rise of trading gurus, business gurus, courses, and of course...

substacks. The Set-up One doesn't need to be locked up to be imprisoned.

There is a generation walking around with invisible bars. They know the life exists, the house, the stability, the reward for showing up and doing the right thing for thirty years.

They know people have it. They just can't imagine how to get there.