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So is roulette if you win. A "good investment" in many contexts has a 20 year lifespan and low risk profile, so TBD. I'm not saying its bad, but its an extreme

So is roulette if you win. A "good investment" in many contexts has a 20 year lifespan and low risk profile, so TBD. I'm not saying its bad, but its an extremely high risk investment so not suitable for the money you can't afford to lose. I've heard of many people withdrawing superannuation to put into crypto (or using credit) for example.

thebean11 6y ago
Well I don't think roulette is a good comparison, roulette has a capped upside with a known, negative expected value. Agree with the rest of your comment though.
ur-whale 6y ago
I really dislike the way the finance industry has been conflating two notions that - while related - are actually different: that of volatility and that of risk. Volatility results from the fact that the markets have a very hard time pricing an asset (because the asset's properties are hard to understand and its future behavior is therefor hard to predict). This results in the creation of noise on the price signal. It does not mean the asset is inherently bad. It just reflects lack of knowledge.