This is an interesting piece by Matt Levine, but perhaps the reason it is interesting here is somewhat more cynical. From the article -- Veterans of past Wall

This is an interesting piece by Matt Levine, but perhaps the reason it is interesting here is somewhat more cynical. From the article -- Veterans of past Wall Street booms suggest that, somehow, this one doesn’t feel so good. One reason: The wealth reeled in by elite traders and dealmakers is getting outshined by the quick riches touted by cryptocurrency fanatics, fintech whizzes and meme stocks. ... It is useful to take a moment and think about this statement. In every population there will be a group for whom the pursuit of resource ownership is a goal in itself, simply put people who are pursuing a strategy of "getting rich" for the sole purpose of "getting rich." I have known many such people in my life, they find it awesome that not only what they do is "fun" but there is a score that you can compare with other people who are playing the game. And as the comment above pulls out, the gravitate to where ever they can get the biggest score. During the dot com "boom" the Bay Area became lousy with this personality type. They were everywhere, trying to throw together a company, tell some BS story about the potential, take it public and score millions of dollars. When the game got called on account of BS in late 1999, early 2000. They all left for some other game (turns out it was sub-prime mortgages). I have lived long enough now to see some of these folks go through the full cycle from glassy eyed college graduate to multi-millionaire (or in a couple of case billionaire) and now looking around as "old people", almost for the first time and asking "now what?" The answer is of course, now you die. It's the way of the world, and maybe at some point science will allow you to live forever but that time is not yet here and if you're in your 70's it seems unlikely you're going to make it to that time before you go. And for at least one person I know well, this has made them extremely sad because there is "so much they want to do" and yet they don't have the physicality or realistically the runway to do it. They can feel their own mortality creeping up on them. So my advice to you is this, if you are young and have the means because you've landed in a space where you can make enough to build wealth, take the time to live your life. Do the things that you can remember fondly, invest in your friendships so that you will have folks to remember things with, and share some of that wealth with those who are just managing to get by so that they too might have some great memories to look back on when they are in their sunset years. Life isn't a game with an "I win!" button, there is no goal other than to live it well and make the world a better place because you were in it. Merry Christmas, Happy Hanukah, or Happy Holidays in any way you are celebrating this year. Give the gift of great memories to yourself and those around you.