alt Hacker NewsI 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.
Replies
tosapple • yesterday at 10:08 PM
russian roulette?
All I'm getting at is that EV matters. Putting a bunch of chips on the roulette table has high risk, but negative EV -- it's a terrible investment. Loading up on risk is not inherently EV-positive.