[malandrew]

> It's a lot easier to get a hundred million dollars when you start out with 1 million to put in the stock market.

This statement could only ever be uttered by someone that has not tried to do this.

100x increase in any endeavor is extremely exceptional. It's as hard to do as turning $10,000 into $1,000,000.

The only thing having a larger starting amount helps with is that it opens up types of opportunities you did not have before that require greater starting capital and are outside the stock market. Those additional opportunities are as hard to capitalize on as the smaller opportunities that only require $10,000, especially since you need not only money but a lot of people with expertise that you can trust.

But within the stock market, a 100x return is something very few people in the market ever achieve.

The only place where having money clears some significant initial hurdles is probably getting to the first $10,000, maybe the first $100,000. This is a hurdle many have cleared in their lifetime and they still haven't succeeded in turning it into $1 million to $10 million, respectively.

[throwawayfire]

> It's as hard to do as turning $10,000 into $1,000,000.

It's hard, but provably not as hard. If you don't need the money, you can afford to take more and better risk with it.

More risk is enough to get this article (not even necessarily better risk) - if 100 people take a pure 100:1 bet, then 1 can get an article like this.

[As mentioned in the sibling comment, if you have enough time, then hard becomes easy]

[malandrew]

You said it was provably not as hard and didn't try to prove the point you're making. I agree you can take more risk, but there's no guarantee that you're taking better risk and nothing about what you claimed proves that.

It's almost certainly more challenging to take better risks as the investment requires gets larger. All sorts of new challenges crop up that didn't exist with smaller investments. It's the reason why companies have a harder and harder time sustaining the same growth rate as they get larger.

Within the stock market alone, you get access to the same exact risks as the people with the $10k YOLO accounts. If you look at WSB, you'll see a lot more posts about people posting losses on their YOLO accounts than posting massive wins. There are a lot of sharks swimming in the capital markets with deep expertise.

[throwawayfire]

> There are a lot of sharks swimming in the capital markets with deep expertise.

I would argue that you have proven my point - if I have a bunch of money, I can pay for expertise/management that is going to net me a higher return.

[malandrew]

> if I have a bunch of money, I can pay for expertise/management that is going to net me a higher return

Not starting with $1 million. At $10 million you have to be the shark. You need to be closer to $100 million to be able to afford the sharks the don't have their own principal to work with. Even then, you still need to know how to hire the sharks.

Source: I used to work in this market.

[agency]

Bullshit. This guy had decades and decades of compounding returns. The article itself admits:

> Had he just parked $1,000 in a basket of equities when he turned 18, it would have been worth $2,048,400 at his death.