I love how you say 40k is "only" a 4x return. We can't expect to see the sort of returns last year keep going forever. 4x return in a year would be phenomenal. People need to re-calibrate their expectations.
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Agreed. I'll take 4X any day. All day long.
Return on US stocks since the crash of 2008 is less than 3X. After 10 years.
People need to recalibrate how amazing a 4X return is.