4 ms·

Schadenfreude?

• coldtea 13y ago
  No, they feeling of being verified for what is a very obvious belief, compared to people going for the gold rush like fools...
  • gohrt 13y ago
    For ever fool who loses money in the gold rush, there is a genius who made money.
    • kaonashi 13y ago
      By betting against the fools.
    • coldtea 13y ago
      >For ever fool who loses money in the gold rush, there is a genius who made money. Emm, this is not how a "gold rush" works. The whole idea is that there were far more fools who lost money than geniuses who made money. If it was a 50% chance (1 foul for every genius) it would be a pretty damn decent proposition). Not to mention that those (far fewer) who made money, made them by betting against the fools, and selling them shovels and stuff.
    • dragonwriter 13y ago
      > For ever fool who loses money in the gold rush, there is a genius who made money. More accurately (but still drawn with a broad brush),for every 1,000 fools who lost $1000 in the gold rush, there is a genius who made $1,000,000 selling shovels and services to the fools (and a bunch of people who were gainfully employed by that genius who would have been gainfully employed doing something else without the gold rush and didn't really gain or lose financially.)