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You can apply the same logic to suggest no one should start a business.
by bidirectional 6y ago
You can apply the same logic to suggest no one should start a business.
- swader999 6y agoYes, if it's business is day trading. The success rates of other kinds of businesses vary.
- WJW 6y agoThat would be appropriate advice for a large slice of the population, so I don't see the problem there.
- Spivak 6y agoBusiness is a field where we know for sure that being better at it increases your chances to the point where your expected profit is positive. Individual day trading is less clear. Sure, you can get better at it to increase your odds but it seems like that isn’t enough to make those skilled people in aggregate make money. The analogy in a casino is that perfect play means you’ll do better but there’s still house advantage and so on average perfect players will still lose money.