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by mutt2016 1347 days ago
Off topic but am curious and hopefully some of the smart people here can enlighten me.

Stock options.. Is this the same sort of thing?

A friend of mine keeps telling me his options will be worth millions, and I should join them. I'll be retired in 5 years, etc.

Or is it this ratio I see mentioned where its really 20:1 odds on such a thing?

I find it all a bit confusing, and frankly I'm good at computers and not business.

1 comments

It’s a lottery where most players have no clue as to the actual likely value of the tickets they hold. As in, most vastly overestimate that value. It’s a nice bike, or a nice car, not a nice island. Huge exits are an absolute exception.
> Huge exits are an absolute exception.

And they'll be much more rare, given how the price of money has just went up by a tremendous amount.