I’d also say that there is less speculation since guaranteed investments carry higher payouts tied to interest rates and therefore the risk vs reward calculatio

I’d also say that there is less speculation since guaranteed investments carry higher payouts tied to interest rates and therefore the risk vs reward calculation swings the other way. If you invest 1 dollar into each of 100 ideas expecting one or two to hit and return double your investment but interest is at 5% it just doesn’t make sense to gamble your investment.