4 ms·
On balance a rather successful one apparently.
by detrites 4y ago
On balance a rather successful one apparently.
- mhoad 4y agoHe is the world record holder for the person to lose the most amount of money across all of recorded history. https://www.npr.org/2023/01/12/1148634966/elon-musk-guinness-world-records https://www.npr.org/2023/01/12/1148634966/elon-musk-guinness...
- polygamous_bat 4y agoHere's a quick thought experiment. If you give $1 to everyone in the world, and if everyone uses that money over and over to play a double-or-nothing game, you will end up with around eight billionaires in expectation who did nothing but gamble with their money. Now, you start with people with a million dollars, and all of a sudden you can reach eight billionaires with far fewer gamblers (proportionally fewer, in fact). So, given sufficient gambling tendency among millionaires, you will definitely find a handful of quite rich billionaires whose only skill is (1) being born rich, (2) getting lucky on the gambles.
- detrites 4y agoAh, wheel out the old misapplied thought experiment to limit the bazillion-variables-worth of the complexity of human experience down to a couple of integers and contrive an analysis to present as if it were useful.