alt Hacker NewsSo what you're saying is that we all just need to become better gamblers? That doesn't exactly scream functional society to me.
Besides, this can't work for everyone - if you get 100 cars without an equivalent amount of more work put in then someone else has to do that work without being properly compensated for it.
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It shifts the gains away from the marginal investor in Microsoft who was only willing to pay a penny less for those shares (probably an eighth of a dollar when this anecdote happened). Instead of them getting the 100 cars, the buyer who was willing to hit the ask earlier gets them.
That profit comes from owning a piece of a productive company, productive companies often spring from early-stage losses that require investment money from somewhere, seed stage money comes from the high likelihood that later stage money will come in if the venture appears successful.
Gambling: the ROI math means you lose money
Investing: the ROI math means you make money
> So what you're saying is that we all just need to become better gamblers?
It means take advantage of the free education you received. Make an assessment of what you enjoy and what you are good at. Select an opportunity in the intersection of those two endeavors.
People start businesses every day in America.
> Besides, this can't work for everyone
Wealth is not zero sum. If you create wealth, that does not mean someone else must be worse off.