I think a lot of that has to do with education. People aren't taught about personal finance or money in school. Also, in 2007 who would've thought Apple was going to do so well?

The bigger problem I think is why couldn't people just save their money instead of buying stock in a business they barely understand? Most gains of apple, and all the other FAANG companies, are just people blindly dcaing into their 401k and hoping it goes up. They're only doing that because their money is shit

Bitcoin is important but I think personal finance is something we should focus on teaching the ritual IPhone buyers. If people can't learn to save, they aren't going to do well when they invest. Doesn't help that kids are getting phones when they're turn 5 and then brainwashed into lifelong consumers of these tech products.

People need to be taught personal finance before they could ever hope to benefit from saving in assets. Gotta get people out of that consumer mindset that's been beaten into us since we were kids