This chart provides a more intuitive view:

It shows what it means that choice is greater than effort.

BTC has been used in the first ten years for extreme volatility, exchanging for extreme long-term returns.
The US stock market is the "most stable long-term winner," which I believe is a long-term compound interest machine and the best default option.
A-shares are a typical example of "high participation + low long-term returns," and I admire friends who are still fighting in it.
I don't want to talk about housing prices; globally, they are basically shifting from "faith assets" to "low-volatility assets," losing their mystique.
Gold is necessary to hold some because it performs extremely well during "system distrust periods," making it a relatively stable allocation. So, you see, the biggest dividend for ordinary people in their lifetime is not operational skills or short-term profitability, but whether they are on the "correct asset track." This chart proves that: some assets, effort for ten years is useless; others, as long as you don't mess up, can win. Choice is more than ten times more important than effort$BTC #美股圣诞行情开启