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>People invest in services like Twitter knowing that there is a chance that they might not be monetizable, but believing that if they turn out to be, then the p
by dmorgan 14y ago
>People invest in services like Twitter knowing that there is a chance that they might not be monetizable, but believing that if they turn out to be, then the payoff will be enormous. So the expectation value of the return is still high.
Yes, this Casino capitalism, we don't like it much.
- stickfigure 14y agoYes, this Casino capitalism, we don't like it much. ...and by failing to recognize that all human activity worth doing carries risk, you have invented "bunker capitalism".