I like Shermer, but he is heavily invested in the stock market, and has been riding the Wall Street Wave for decades. His quoted stat ignores that 90% of stocks are owned by the 10%, and that half of Americas have zero stake. He's still rich, and is sweating his personal loss.

Not just me @here_today_gone "Grok: In 2024, roughly 62% of U.S. adults, or about 162 million people, own stocks, representing a 20-year high, with most holdings in the form of equity mutual funds rather than individual equities."