The plural of anecdote is not data. You can’t extrapolate your individual experience or the experiences of your family, friends and peers to the broader economy, markets, political climate, etc. Just because the dumbest person you know is going all-in on Nvidia does not mean the stock market is going to collapse tomorrow. That’s not how any of this works. I am, however, a big fan of using investor anecdotes as...

source: https://awealthofcommonsense.com/2024/06/not-getting-rich-fast-enough/