I completely understand the allure of this line of thinking, but a better way to quantify this is people who are collecting a paycheck vs. people who are taking

I completely understand the allure of this line of thinking, but a better way to quantify this is people who are collecting a paycheck vs. people who are taking on risk. I have noticed as I got older that many paycheck collectors are totally unaware of risk (as I was), likely because it plays no part in there day to day life. They are hyper-focused on the minority whose bets paid off and got obscenely wealthy, and totally unaware of the massive graveyard of those who incinerated their life savings. Hell it's not uncommon for a business to collapse because of honest mistakes made by the paycheck collectors, who upon the business closing just went and got another job, maybe after being on unemployment for a bit. For the risk takers, I can tell you that unemployment checks don't cover lost equity. The rub here is that the paycheck collectors also highly value the "good" risk takers. Most people, given the opportunity, would put their money into a fund managed by someone with an excellent track record.