I wonder why people who tell me this do not have a driver, private jet, and a chef, even after telling it to me for over a decade. In the biggest bull market in history.
In fact, they all still go to work for someone else.
This is spot on. Everyone who is confident and correct in their ability to consistently beat the market for decades is obscenely wealthy. The math is really straightforward. Even a paltry initial investment will compound massively over the years if it has a high ROI.
Some people do have this ability and in fact have become very wealthy, but there are many orders of magnitude more people who think they have an edge but have just had a lucky run.