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> I’ve come to think that maybe young person can YOLO a bit against the odds somewhere in life. If something returns poorly on average, but has high payouts at
by 55555 6y ago
> I’ve come to think that maybe young person can YOLO a bit against the odds somewhere in life. If something returns poorly on average, but has high payouts at the top it might just work out. Your life won’t be the average case but single sample.
This is indeed, after all, a website about founding startups.
- deleted 6y ago[deleted]
- toomuchtodo 6y agoThe only difference between being a founder and gambling is the social signaling. In both cases, luck is a larger component than grit (lots of amazing folks have failed through no fault of their own). No shame in gambling your way to wealth if you don't care about the social signaling.
- kyawzazaw 6y agoI bet there is some sort of positive social signaling in gambling your way to wealth as long as you succeed
- silexia 6y agoAnyone else notice that WSB reads like a religion? And that Trump supporters have faith without evidence, just like religion? Perhaps most humans cannot truly be atheists, but will always be caught by something to believe in.
- whythre 6y agoI am going to push back on this. Creating something of value is better than gambling, which is why founders have more prestige than lotto winners. Even if luck is a significant component to success, it isn’t the only component.
- toomuchtodo 6y agoValue is subjective. Wealth is objective and tangible.
- RhodoGSA 6y agoSocial signaling must come from the person doing the signaling. In my experience people who've made life changing money off crypto this last couple months say they are 'investors' or have a couple of 'business'. Never would they say it was all luck or I gambled my way to the top. They saw a trend, they bet one it and they were payed for voting with their wallet. Although you call it 'gambling' someone else might call it 'insight' or 'Voting with your wallet' in the case of crypto.
- toomuchtodo 6y agoAll good points. In the end, sentiment is a shared delusion.