I disagree. Having wealth lets you spread risk. That’s one of the big reasons that success breeds success. At least when success is measured in dollars, not projects.
This is why so many wealthy people are VCs.
The failure of the fire phone, Blue Origin (TBD), Virgin Galactic etc simply reinforce the notion that successful people aren’t necessarily smarter than anyone else. But if they only make $10 billion from every billion they invest in crazy schemes… well they are still some way ahead of most of us.
This is why so many wealthy people are VCs.
The failure of the fire phone, Blue Origin (TBD), Virgin Galactic etc simply reinforce the notion that successful people aren’t necessarily smarter than anyone else. But if they only make $10 billion from every billion they invest in crazy schemes… well they are still some way ahead of most of us.