Are they smarter...
Holy crap no, that's the point.
The baby boomers have more because they had to invest less up front in their generation.
Investors of all kinds have more money because they invested less by investing early. Circumstances change as time passes, and time is always running out.
you and...will never have even a quarter of what...
Speak for yourself, not for others.
You don't have to be a genius, you have to pay attention to opportunities.