> If I was an average Joe with $100k to invest in 2017, I’d be a multimillionaire right now.
You would not 20X your investment in 8 years unless you got extremely lucky and avoided losing anything in risky bets that did not work out.
Many novice investors have gotten lucky on a trade or two and imagined what their return would be if they had invested 10X or 100X more. However, when you have 10X or 100X more capital on the line, you don't play the same game.
I understand the sentiment, but even with dumb money an SPY investment from 2017 is worth 3X and QQQ is 5X. Obviously you’d have to do better than that to make more money, but the article talks about Saquon’s investments in bitcoin and startups. And that’s what I’m comparing against.