3 ms·
I see the stock market in general as a lottery. Or a mix of a lottery and a bit of ponzi scheme, but the lottery has a positive expectation value, unlike real l
by mcv 6y ago
I see the stock market in general as a lottery. Or a mix of a lottery and a bit of ponzi scheme, but the lottery has a positive expectation value, unlike real lotteries. And the ponzi scheme still has some real value behind it.
The WSB bet is extremely risky of course, but there's absolutely a chance that it will pay off enormously. How big that chance is, I couldn't begin to estimate.
From what I've seen, the people who are getting in late know very well that they're likely to lose money, but they're fine with that if they get to stick it to the hedge funds.