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Yes, our mileages may vary because what you've described could be survivorship bias from a lucky break. And since costs don't scale with wealth, any future risk
by fartcannon 7y ago
Yes, our mileages may vary because what you've described could be survivorship bias from a lucky break. And since costs don't scale with wealth, any future risks you take can be absorbed by the original luck.
- jnwatson 7y agoExactly. HN in particular has a strong survivorship bias. Startups in the typical SV sense are not the way to wealth, any more than professional sports. The folks with rare talent, and the folks around them that can glom onto those people, have a small chance of making a lot of money. Everybody else, not so much.