And you rewarded with $65k within 4 years. So even your $20k buy more than tripled within 4 years. Class of ‘21 probably went all in around $50k…and here we languish at $88k more than 4 years later.

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Diminishing returns I reckon…

Still better than hodling dollars

But the risk-adjusted returns for class of ‘21 are not very attractive relative to prior classes. Not even close.