“One could argue he has created value or destroyed value at Twitter. It’s hard to tell at this point,” [Gerber] said.
I’m going to guess this Gerber-person is being pseudo-optimistic to try to bait other people into investing money as well, so he might have a chance of getting his million back.
Because otherwise, how in the fuck can you be this rich and this bad at judging reality?
Because otherwise, how in the fuck can you be this rich and this bad at judging reality
I would argue that the rich can be quite bad at judging reality because they can afford it. They can lose a normal person’s life savings worth in a single bad bid, shrug and move on.
I’m going to guess this Gerber-person is being pseudo-optimistic to try to bait other people into investing money as well, so he might have a chance of getting his million back.
Because otherwise, how in the fuck can you be this rich and this bad at judging reality?
I would argue that the rich can be quite bad at judging reality because they can afford it. They can lose a normal person’s life savings worth in a single bad bid, shrug and move on.
The other important thing to keep in mind is that capitalism isn’t a meritocracy. Luck plays a major role in whether somebody becomes rich or not while smarts are not all that important https://www.pbs.org/newshour/economy/making-sense/analysis-if-youre-rich-youre-more-lucky-than-smart-and-theres-math-to-prove-it