cross-posted from: https://slrpnk.net/post/12122239
Much more about the Minnesota state-level climate legislation he signed is here
cross-posted from: https://slrpnk.net/post/12122239
Much more about the Minnesota state-level climate legislation he signed is here
That’s not what I said.
I said that his win/loss ratio was higher. Given the nature of the investments pelosi makes, you’d expect there to be one moonshot that pays for all the other losing investments and maybe a few more that were weakly profitable.
His win/loss ratio outperforms Buffet, which suggests he has inside information that’s better than Buffets. (Or did you think buffet was some kind of genius? Neither are. They just have better information than the average investor.)
Higher risk/higher reward. Paul Pelosi takes higher risks. How is that so hard understand? He puts money into a company like Apple BEFORE it goes public. High risk. Then they go public and he makes millions. Then Buffet buys stock in Apple. They make more money. Buffet has just taken lower risk for lower profit. Pelosi doesn’t need inside information, just guts to make the bet. That’s what venture capital is.
again! That’s.not. What. I’m. Saying.
I’m saying he has a significantly higher win-ratio. Not total profits. Win. As in, most of his investments- which are extremely risky investments- are actually profitable.
The risk-to-reward balance isn’t, hasn’t, been any part of my comments.
It’s that for every trade he makes, those trades are almost always profitable. Which is exactly opposite of what you would expect from the investment strategies he uses. In fact, you would expect that the vast majority of his trades end as complete losses.
Because of the high risk/high reward that you seem so fond of waiving about like it’s some magic gotcha.
its almost like he knows before hand which ventures are going to be profitable. (gee I wonder how that could possibly be.)
There is no way to know before hand which ventures are going to be profitable.