it is in pgs interest to create a worldview that hard work and dedication are the crucial factors that lead to success and downplay the effect luck has. it allo

it is in pgs interest to create a worldview that hard work and dedication are the crucial factors that lead to success and downplay the effect luck has. it allows him to invest in startups very cheaply (less than a nice new car), have the founders work themselves almost to death, then cash in if they sell their company. this is because part of what the founders take as investment is their expectations for future returns. less money now is ok because with their hard work and dedication they will be xillionaires later. put another way, if founders believe that luck plays a large part in their success, then there is less incentive for hard work at such low prices because their expected future return is lower. hopefully I explained this clearly. if not, ask and I shall attempt to clarify.