Many people say you should get rich slowly, but I think there needs to be an additional condition. In markets where value investing and being friends with time work, you can indeed get rich slowly. For example, if you consistently invest in the Nasdaq or S&P 500 index funds, you’re bound to get rich slowly. But if you’re in a highly cyclical market, like crypto or commodities, there’s no such thing as getting rich slowly. In cyclical markets, assets experience extreme booms and busts, going from prosperity to collapse in a very short time. In such markets, if you can’t take a gamble and achieve explosive overnight wealth in a short period, then quickly exit, and instead apply the mindset of slow wealth accumulation through value investing, when the asset prices crash, you’re bound to end up losing everything.