Re:Billionaires Build
by amelius on Friday December 04, 2020 @07:56PM
(#25310500)
Using leverage is one aspect. Another is persuading people (e.g. to invest in you), and this game can be dishonest. And in our system winner-takes-all holds: even if you are only 1% better than anyone else, you receive the full 100% of rewards.
One route to becoming a billionaire seems to go like this: you persuade a group of investors to make a pile of money that's so big that you can corner a market. Which is often true. But is it fair to the people already in this market? And is it fair that it makes you a billionaire?
One route to becoming a billionaire seems to go like this: you persuade a group of investors to make a pile of money that's so big that you can corner a market. Which is often true. But is it fair to the people already in this market? And is it fair that it makes you a billionaire?