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1. Investment, no matter what is its form, is not a golden bullet to prosperity. In fact, it's a glorified risky gamble : sevenfold (more or less) win or lose i

1. Investment, no matter what is its form, is not a golden bullet to prosperity. In fact, it's a glorified risky gamble : sevenfold (more or less) win or lose it all. 2. Each of the world's current top crypto coin has their own unique value proposition (for example : bitcoin "the original cryptocoin", ethereum "the programmable cryptocoin", stablecoin, etc). 3. There's a new trend that current new cryptocoin should have their own specific use case (for example : BAT for digital ads, TEKKON for openstreetmap-styled contribution, Golden for wikidata-styled contribution) 4. The very essence on "why double entry accounting" matters is : you are always being forced to re-check all the transaction twice, make it more safer, especially from high risk transaction bookeeping.

muzani 4y ago
My favorite perspective on investment is you should only invest in things that are low risk, high reward. The good investments are invisible to the masses. A great investor has an unfair knowledge advantage. Anyone who views themselves as great investors think they have that knowledge advantage; same goes for gambling.
- 2rsf 4y ago
  > low risk, high reward I know about a few somewhat lower risk and somewhat higher reward options, but nothing which is significantly more or am I missing it?
  - muzani 4y ago
    Yeah, I do mean lower risk and higher rewards. Generally pepple think it's like buying Pfizer before they release a vaccine, but it's too late by then. Something like buying Nvidia during the crypto/AI boom, or OpenAI after they released GPT-2. Y Combinator plays on the very high risk tables, but they get in early enough to also reap very high rewards for a relatively low investment. And they've specialized enough in it to lower the risks. Berkshire Hathaway does the exact opposite, they specialize in finding ways to get the risks so low that the lower returns don't matter so much.

muzani 4y ago

My favorite perspective on investment is you should only invest in things that are low risk, high reward. The good investments are invisible to the masses. A great investor has an unfair knowledge advantage. Anyone who views themselves as great investors think they have that knowledge advantage; same goes for gambling.

2rsf 4y ago
> low risk, high reward I know about a few somewhat lower risk and somewhat higher reward options, but nothing which is significantly more or am I missing it?
- muzani 4y ago
  Yeah, I do mean lower risk and higher rewards. Generally pepple think it's like buying Pfizer before they release a vaccine, but it's too late by then. Something like buying Nvidia during the crypto/AI boom, or OpenAI after they released GPT-2. Y Combinator plays on the very high risk tables, but they get in early enough to also reap very high rewards for a relatively low investment. And they've specialized enough in it to lower the risks. Berkshire Hathaway does the exact opposite, they specialize in finding ways to get the risks so low that the lower returns don't matter so much.