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Re:The ownership and future of Mullvad VPN by Y_Y on Thursday September 16, 2021 @02:04PM (#28555005)
This line of reasoning is disappointingly unpopular. I think it fits a weird pattern of selection effects, where people get rich from very risky ventures (often retconned to have been savvy, precient business decisions) and it's implied that what they did was a good idea. Naturally there's no visibility for other crazy ventures that go nowhere, and it's much less fun to look at people who lost big by getting in on the top floor, chasing the success of people who were pretty smart, but very lucky.

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.

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.