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by stevofolife
972 days ago
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If there's a gold mine, and everyone is scrambling to claim a share of it, how can I predict who will achieve the greatest success? The reality is that I can't.
Since the outcome is uncertain, the strategy is to invest in anyone actively engaged at the gold mine. This approach is obviously simplistic and loosely-speaking. In practice the network effect would be precedent where I would favor investing in individuals I'm acquainted with, who possess a track record of experiences and competence in generating wealth. So the point is, there is nothing wrong with actively engaging at the goldmine and be rewarded for it by investors. These are motivated by clear rationales. |
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