alt Hacker NewsThere is, but the presumption in that argument is that those risky bets bring higher returns. If that assumption is invalid, the argument falls apart. (I'm not especially confident myself that private credit can actually bring higher returns over a long time horizon.)
I swear to god, people use "high risk bet" as synonym for "sure gain with no danger". You see it on HN all the time.
The defining thing about "high risk" is that risk part will happen and that creates a lot of loosers. That is the whole point!
But HN treats "high risk" as something that is expected to always give you reward.