this post was submitted on 29 Apr 2025
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Well it makes sense if you think about it.
You invest a million dollar in 100 companies, 95 fail, 4 makes 10 million each. If the last one hits at least 60 million you are even, anything above is pure profit. Basically just throwing shit at the wall and see what sticks.
That doesn’t “make sense” at all, it’s insane. If we end the billionaire class and distribute wealth more evenly productivity and efficiency would go waaaay up because the people managing money will actually care about it instead of setting it on fire.