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17 points

Or Luck/right place right time.

Ground floor entry on Bitcoin, Tesla, Amazon, whatever gave mad returns

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-9 points

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

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13 points

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

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-2 points

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

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7 points

That’s like the actual definition of gambling

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-2 points
*

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.

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6 points

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.

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5 points

You’re right. They also had to have had the resources to blow on a pipe dream that blew up by chance.

So it’s luck, privilege, and thrn more luck on top of if.

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2 points

Or they could be employed at those places and get stock as a benefit. My current job is that way. It is still risky to keep a lot of eggs in one basket, but it can pay off if your employer is a newer publicly traded company.

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0 points

Could be

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Lefty Memes

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An international (English speaking) socialist Lemmy community free of the “ML” influence of instances like lemmy.ml and lemmygrad. This is a place for undogmatic shitposting and memes from a progressive, anti-capitalist and truly anti-imperialist perspective, regardless of specific ideology.

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If you are new to socialism, you can ask questions and find resources over on c/Socialism101.

Please don’t forget to help keep this community clean by reporting rule violations, updooting good contributions and downdooting those of low-quality!

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Notable achievements in all spheres of society were made by various socialist/people’s/democratic republics around the world. Mistakes, however, were made as well: bureaucratic castes of parasitic elites - as well as reactionary cults of personality - were established, many things were mismanaged and prejudice and bigotry sometimes replaced internationalism and progressiveness.



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