4 ms·
> Rich people don't play the lottery. They do. It's called "incorporating a company" or "investing in the stock market" often with leverage. I would guess tha
by Bubble_Pop_22 4y ago
> Rich people don't play the lottery.
They do. It's called "incorporating a company" or "investing in the stock market" often with leverage.
I would guess that for a regular non-connected, non-ivy league folk the chance of becoming a billionaire is roughly the same creating a startup vs. the lottery.
At that point it makes sense to play the lottery if you are a "swing for the fences" kind of guy, that's because when odds are kinda the same it makes way more sense to throw 500$ monthly in lottery tickets than throwing 14h/6d/52w yearly in precious time to build a company or reading balance sheets of publicly traded companies
- jacquesm 4y ago> It's called "incorporating a company" or "investing in the stock market" often with leverage. We were discussing the lottery.