Thank you for sharing your thinking in this community. Actually I worried 2-4 more than 1.
Investing is all about philosophy, 1% is always follows the law of gravity, 1% mean to be noble staying in higher pyramid, if they are evil, they mean to fall. Usually 1% should live the way being more stupid, and 99% should live the way being more smarter. It is the law of sociology, psychology, physics and physiology. It is sort of the similar debate on efficient and inefficient market mechanism. Yes market is efficient because some people rectify it by benefiting the inefficiency.
I would not worry about point 1, I am interested in listening the solution to point 2-4.