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WarmWash 5 hours ago

>Rich people have access to different types of investments,

You mean hedge funds and private equity/private credit that all under perform S&P500?

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hdndjsbbs 4 hours ago | parent [-]

The people who have private investments in SpaceX pre-IPO definitely have access to investments I don't have access to.

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WarmWash 3 hours ago | parent [-]

I didn't even mention venture capital because the win rate is so low. When you have billions already, then maybe you can buy $10M lotto tickets that get pitched to you. If you're a regular guy and want risk exposure like that, you can buy penny stocks.

Everyone is so fixated on the winners, that they completely forget (or aren't even aware) that there a many many times more losers.

	▲	Eisenstein 2 hours ago \| parent [-]
		I think people understand that there are losers. What they are complaining about is that the losers can dump $10M on a lotto ticket and not feel any pain when it disappears. If all those with money are are placing huge long-shot bets and cashing out when they win then what does that say about the state of the system, and markets in general? I don't know exactly, but I don't think it's good.