News for hackers. Stuff that matters.

A comment on Be wary of imitating high-status people who can afford to countersignal. Parent comment

Re:Be wary of imitating high-status people who can afford to... by 2devnull on Sunday December 11, 2022 @10:12AM (#33943831)
“things with a limited downside and unlimited upside”

Penny stocks and junk bonds, a classic recipe for attaining mega wealth.

[ Parent | on HN ]
Re:Be wary of imitating high-status people who can afford to... by eyphka on Sunday December 11, 2022 @10:32AM (#33943987)
That is how Warren Buffet got started, or as he called them, used cigarbuts.
[ Parent | on HN ]
Re:Be wary of imitating high-status people who can afford to... by ffggffggj on Sunday December 11, 2022 @11:04AM (#33944324)
It also helped that his father was a congressman and stock trader who brought Buffet around his finance friends throughout his youth and helped him start buying stocks as a young teenager.
[ Parent | on HN ]
Re:Be wary of imitating high-status people who can afford to... by lullab on Sunday December 11, 2022 @11:34AM (#33944622)
Theoretically yes. Even putting it all on black in Vegas could work. But it doesn't mean you should do it. Any investment is inherently a gamble, some are riskier than others and some have a too small payoff for the risk.
[ Parent | on HN ]