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I never said that. Theoretically, every investment is a gamble in a sense. After all, we've seen high-flying companies crash and burn overnight. FTX is not the
by churchill 4y ago
I never said that. Theoretically, every investment is a gamble in a sense. After all, we've seen high-flying companies crash and burn overnight. FTX is not the first, nor will it be the last.
Even high-fliers like Apple were quite close to collapsing sometime in the past, yet people still poured money into them.
The only difference is that they focused on shipping products people actually wanted to buy.
All I'm saying is that the gambling should be backed up by a significant amount of work aimed at usability, call it a high signal-to-noise ratio, if you will.