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"willingness to take risks" and betting the farm on a tech stock _continuosly_ over 20+ years are two very different things
by fullstackchris 3y ago
"willingness to take risks" and betting the farm on a tech stock _continuosly_ over 20+ years are two very different things
- WalterBright 3y agoI happen to know a person who did exactly that, and became very wealthy. Making lots of money is usually proportional to how much risk you're willing to take.
- abenga 3y agoHow many more did the same, but only managed to yield spectacular failure? Such lottery wins are not repeatable, and relying on them is horrible advice.
- WalterBright 3y agoI pointed out upthread the willingness to take risk. Nothing is guaranteed. But you can tilt the odds very much in your favor. BTW, AMZN had far, far better odds than any lottery.
- chefandy 3y ago"I know a guy" is a useless measure of whether or not something is feasible for most people. There's a lot of useful data out there about this stuff.
- WalterBright 3y agoI don't name names for privacy reasons, not because I'm making things up. The Seattle Times reported in the 1990s that there were over 10,000 Microsoft millionaires living in the Seattle area, excluding housing. And that was when a million dollars was real money. Ten thousand. There's probably a similar figure for Amazon employees.