• soggy_kitty@sopuli.xyzEnglish
      01·
      8 months ago

      To be completely fair that’s not pure luck. Those people took risks, why don’t you invest in new startups? Because it’s risky.

      But yes out of the people brave enough to invest, it’s mostly luck they picked the right startup

      • Naz@sh.itjust.worksEnglish
        1·
        8 months ago

        I like that downvoted comments are no longer hidden but Pareto would like to tell you the ratio is 80:20.

        4 in 5 people pick the wrong start-up and lose everything.

        The remainder are busy rationalizing their luck as skill.

      • madcaesar@lemmy.worldEnglish
        1·
        8 months ago

        They took a risk and millions took risks in millions of other stocks and failed. So yea it’s luck.

        • soggy_kitty@sopuli.xyzEnglish
          01·
          8 months ago

          Billions didn’t take any risks by not investing in startups. That’s a zero chance, everyone else is a non zero chance.

        • soggy_kitty@sopuli.xyzEnglish
          01·
          8 months ago

          I know, my point still stands.

          It’s not lucky that they decided to gamble.

          They bought the lottery ticket and won, not everyone buys tickets.

          • Stoneykins [any]@mander.xyzEnglish
            1·
            8 months ago

            This is a silly distinction you are trying to make and it serves no purpose. And I don’t even agree it is a real distinction… The act of deciding to gamble doesn’t in any way mean the payoff or losses are anything but luck.

            • soggy_kitty@sopuli.xyzEnglish
              01·
              8 months ago

              You think the choice of deciding to play the lottery doesnt change your chances at winning it?

              If you truly think that you’re even more lost than I thought you were, not worth my time