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Many who make millions are risky and lose it all, or more. How many of them are net positive over more than a year?
by gnopgnip 7y ago
Many who make millions are risky and lose it all, or more. How many of them are net positive over more than a year?
- hn_throwaway_99 7y agoWhile I don't necessarily agree with Kranar's conclusions, I think his point is that the same can be said for many highly risky endeavors, like building a startup. IMO the main difference is that, while in both cases you'll see a small number of successes and a huge number of failures, in startup land the net expected value is positive while in day trader land it is negative.