3 ms·
> That's a kind of lottery-mentality You're the one incorrectly using the concept of gambling replying talking to someone taking about risk versus reward (inve
by robocat 2y ago
> That's a kind of lottery-mentality
You're the one incorrectly using the concept of gambling replying talking to someone taking about risk versus reward (investing).
It is hard for somebody who believes in gambling to win at investing.
The US has both monetary and social incentives to create new businesses. I live in NZ where founders are discouraged by financial incentives and by social incentives.
- garte 2y agoThat's an interesting distinction you're making. Gambling and investing are very close together. You're only able to make rational decisions on perfect information which is not available. So investing seems to be a sort of gambling to me, it's just part of a different societal institution.