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One of the comments in the article says "If I can mortgage my house and bet it on black at a roulette wheel in Vegas, I can surely invest in a friends startup,
by dabent 17y ago
One of the comments in the article says "If I can mortgage my house and bet it on black at a roulette wheel in Vegas, I can surely invest in a friends startup, regardless of how wealthy I am."
There's a lot of ways to just blow money, but so many restrictions on investing it.
- sethg 17y agoThe whole point of advertising something as an investment opportunity is to say that it’s offering better odds than roulette.
- anamax 17y ago> The whole point of advertising something as an investment opportunity is to say that it’s offering better odds than roulette. Roulette advertises 35:1 payouts. Most investment opportunities advertise under 20:1. Yes, the actual returns are different than the advertisements - the "expected" is much closer to 1:1 in both cases. But with roulette you get "free" drinks'.
- billswift 17y agoI actually know more people who gamble than who have investments outside of a 401k or their own business. Not even counting people who just play the lottery.