2 ms·
The guy who does 100 things and wins at 10 still comes out above the guy who does 2 things and wins at 2. This is despite the previous guy having a failure rate
by kamaal 9y ago
The guy who does 100 things and wins at 10 still comes out above the guy who does 2 things and wins at 2. This is despite the previous guy having a failure rate of 90% and latter guy having a success rate of 100%.
- Retric 9y agoDepends on the cost of failure and the benefits from winning. Fewer bets tends to mean larger bets which can pay off more.
- BatFastard 9y agoBeing the richest man in the world shows some level of success ;-) Also allows him room for a lot of failures.
- Retric 9y agoWell, he also has his stock in a company with a P/E ratio of 257.38, that's one very large bet. Cranking up earnings is clearly possible, but Amazon is also showing signs of imploding as for example people simply don't trust fulfilled by Amazon to mean anything.