That’s what everyone thinks they would do. A statistical analysis of lottery winners says otherwise. Most people when they get money go crazy spending and blow whatever extra money they get, thus needing even more money.
You need to keep in mind that that is not an analysis of a random sampling of the population, that is an analysis of people who are willing to play the lottery in the first place. By definition these are people bad with money and planning.
Exactly, and the billionaires are all people who took some crazy risk and actually won. There were dozens of nascent EV companies when musk invested in tesla, he just got lucky and now he’s a moron with a ketamine addiction and more money than anybody else.
That’s what everyone thinks they would do. A statistical analysis of lottery winners says otherwise. Most people when they get money go crazy spending and blow whatever extra money they get, thus needing even more money.
You need to keep in mind that that is not an analysis of a random sampling of the population, that is an analysis of people who are willing to play the lottery in the first place. By definition these are people bad with money and planning.
Exactly, and the billionaires are all people who took some crazy risk and actually won. There were dozens of nascent EV companies when musk invested in tesla, he just got lucky and now he’s a moron with a ketamine addiction and more money than anybody else.
The billionaires are all people willing to exploit and steal from others in order to hoard as much as they can. You cannot earn 1 billion dollars.
Luck is a factor, but with daddy’s money the can afford to roll those dice as often as they want until they get “lucky”.