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I wouldn't get there ($100 M) because I would have cashed out when whatever I owned was worth $1 Million. It's all sort of a game of chicken and most people, pr
by version_five 3y ago
I wouldn't get there ($100 M) because I would have cashed out when whatever I owned was worth $1 Million. It's all sort of a game of chicken and most people, probably correctly, flinch very early.
- toomuchtodo 3y agoKnowing what "enough" is is arguably success. Congrats.
- red-iron-pine 3y agoCasinos, race tracks, and brokerages are full of saps who had a windfall and wanted to hold on just a little longer instead of walking away...
- kbenson 3y agoThe same reason it was always spilling to look back at if you had mined bitcoin or kept whatever you mined early or not cashed out when it was cents. The vast majority of people that weren't true believers early would have cashed out in the first few percentages of its rise, because the vast majority of the time the the right thing to do. Tech billionaires are walking embodiments of survivorship bias. It's like if lotto winners went around espousing their strategies for success. Edit: whoops, s/confirmation bias/survivorship bias/, but both are kinda true.
- MisterBastahrd 3y agoOh, sure. Definitely not a million given my hypothetical goal would be to have enough to buy the home and then retire on the rest of the money, but yeah, once you get past a certain point it just becomes a headache to manage.
- version_five 3y agoThe point is that it's always at risk so every day you have to choose between locking it in or losing it.