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Why do people that have more money than they can spend in a lifetime engage in such high risk activities to acquire even more money that they also cannot spend
by Osiris 3y ago
Why do people that have more money than they can spend in a lifetime engage in such high risk activities to acquire even more money that they also cannot spend in a lifetime?
It seems like it's more about the emotional connection to "winning", having more than others?
What's the risk/reward tradeoff look like here? It looks heavily skewed toward the risk side of the equation.
- chihuahua 3y agoYes, I do not understand this mindset: "I have $16 billion dollars, and I'm going to do something risky/illegal so I can have $16.0005 billion dollars"
- missedthecue 3y agoSample bias too. A lot of poor people would insider trade if they 1. had brokerage accounts and capital 2. had material non-disclosed information coming across their desk. Turns out only moneyed people are likely to have the combination, and we only see the ones that chose to act on it in the news, even if 99% wouldn't.