Re:The ownership and future of Mullvad VPN
by majormajor on Thursday September 16, 2021 @02:08PM
(#28555063)
Speculative investments like that are somewhat like the lottery, though you'd hope people would be a bit more informed to improve their odds compared to the lottery. In which case, your EV may still be negative overall, but if the potential effect size of "winning" is magnitudes larger than your downside risk, it still might make sense if you want a chance to entirely change your circumstances, vs just slowly amass savings over time.
Ultimately your expected marginal value for speculative investments where you don't have significant expertise or scale or regulatory capture or magical powers has to be negative.