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There’s no reason anyone would have believed 10 years ago Tesla will get so big. You have to be already rich to afford to take such risks that will allow you to
by close04 7y ago
There’s no reason anyone would have believed 10 years ago Tesla will get so big. You have to be already rich to afford to take such risks that will allow you to have one big hit, or have the kind of intimate knowledge of the market to allow consistent winnings to get rich from multiple smaller hits. Which implies it’s likely you could have gotten just as rich in many other ways. Without knowing who’s the Facebook and who’s the MySpace getting rich by investing is not very much unlike getting rich by winning the lottery.
I think most riches come as a combination of hard work/smarts and right place and right time (or luck), in varied proportions.
- paulpauper 7y agolook at wallstreetbets. people do it consistent and at a rate that exceeds chance/luck. They look for companies that have market dominance and strong growth and are ubiquitous, such as Amazon, and then aggressively buy call options on it. Sometimes they sloe money but the payoffs can be huge and consistent.