Few years back a Bitcoin early adopter paid 10k BTC for a pizza just to prove you could. Yow!
My favorite saying by another about all this bubble madness: “Did you know if you’d bought ATT stock when it first went public … You’d be dead.” It’s that perspective on wealth that keeps me looking at other, more long lasting things.
It’s AOK to look back and or brag. Sure, I wish I invested, but instead I used my cash at the time for other purposes. Don’t know if I’d be the same person if I had a 100m bank balance. No doubt it’s fun to look back, but it’s also time out of my day. That quip reminds me to focus elsewhere, nothing more.
If I won lotto I wouldn’t tell anyone. Funny no ever mentions all the times they lost. Unfortunately most lotto winners end up in a bad way. Friends and relatives show up from nowhere. Investing is hard for the newly rich. Look at all the ball players that loose all their money. I earned all my money through investing sweat equity and adding value over 45 years in RE development.
I earned it slow and invest carefully. Stock investors all want a quick hit like lotto. Easy come easy go.
Then you don’t understand the feeling aspect of it. At least they have it once - that feeling is great. You’re focusing on the final outcome - too cold and logical.
I think for most people the pain of loosing is greater than the joy of winning. Stocks are casino run by NewYorkers for the elite. I think that’s why the Reddit phenomena is so popular. Power to the people. Personally I found that power flipping houses in the seventies. Never had to trust someone else with my money or my future. True freedom I gained at 26. Never had to kiss corporate butt after that. Or trust Bear Stearns et all either.
Stocks aren’t real assets.I like tangible real things. I make with my own hands. This year’s harvest. Ready to be bottled