Recent 5x per year is partly due to gains from big investors becoming AI-pilled. That effect will go to completion well before returns reach 400x. I expect something more like 2x per year is the most that can be sustained without plenty of leverage.
Recent 5x per year is partly due to gains from big investors becoming AI-pilled. That effect will go to completion well before returns reach 400x. I expect something more like 2x per year is the most that can be sustained without plenty of leverage.