Where do you draw the line between gambling & investment...? Example: Median ret... | Hacker News

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		beambot on Aug 27, 2020 \| parent \| context \| favorite \| on: SEC Modernizes the Accredited Investor Definition Where do you draw the line between gambling & investment...? Example: Median returns across venture capital are net-negative, even if expected value is net-positive: https://techcrunch.com/2017/06/01/the-meeting-that-showed-me... The effect is even more extreme for early-stage startups given the power-law nature of returns.

Ericson2314 on Aug 27, 2020 [–]

Yeah it's all gambling. I'm doing a 180 and saying net worth floor bad, can't spend UBI on it good. The "it" in both cases is supposed to be held constant.

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