Agree with your assessment that “investing” will look very different going forward compared to the past few decades. People have been conditioned to think that inflation/growth will bail them out of all their mistakes (buying too high).
I personally believe that Boomers, a nice bottom of a cycle due to the deflation of Great Depression, and post-war economies were the driving force behind all this asset price inflation. We are on the crest of this movement, IMHO, and could be entering a deflationary environment for a long, long time.
