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The trick is getting big enough and keeping the mistakes small enough. What if $50 million was enough to bankrupt/kill Facebook? A risk that has a 1% chance o
by strgcmc 6y ago
The trick is getting big enough and keeping the mistakes small enough. What if $50 million was enough to bankrupt/kill Facebook?
A risk that has a 1% chance of wiping out 100% of your company, vs a risk that a 10% of chance of costing you 10% of your company, are not the same even though the net "expected value" is nominally 1% for both.
- paulcole 6y ago> What if $50 million was enough to bankrupt/kill Facebook? If if's and but's were candy and nuts then we'd all have a merry christmas. If $50 million could bankrupt FB then the Winklevoss twins would have never got that much.