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I wasn't referring to the marginal utility for a person, but rather the economies of scale that come with focused capital-allocation. A million people with sin

by ISL 4y ago

I wasn't referring to the marginal utility for a person, but rather the economies of scale that come with focused capital-allocation. A million people with single dollars probably can't coordinate to build a consumer product. A Kickstarter with a million dollars may be able to generate a consumer product that improves the lives of a million people.

fsckboy 4y ago
> A million people with single dollars probably can't coordinate to build a consumer product. yes they can, it's called banking and the stock market. Syndication like that is why the market does not reward diversifiable risk