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From what I understand, the thing that changes when you have lots of money, is you can act as an investor in individual ventures that are much riskier, but with
by war1025 7y ago
From what I understand, the thing that changes when you have lots of money, is you can act as an investor in individual ventures that are much riskier, but with a much higher potential payoff. If you can drop $1 million without being ruined if it doesn't pan out, you can multiply your money very quickly when things do happen to go your way.
In fact, isn't that basically the entire premise behind all the VC funds that fuel Silicon Valley?
- ghaff 7y ago>isn't that basically the entire premise behind all the VC funds Which often don't have especially high rates of return. I don't really disagree with your basic point. At least somewhat higher investments do give you access to a wider variety of financial instruments even if diversified through a third party.