Comment by mihaic

It's not about the fact that you don't have an edge against your peers with financial literacy, you'll always have that. It's the fact that you won't have an edge against your median efficiency elders, who are simply leveraging a much larger capital.

Closing a gap by 2% per year, even over 50 years still means less than tripling an amount (1.02 ^ 50 ~ 2.7). Your edge needs to be significant for exponentiation to work within your lifetime.