Comment by audigex on 30/11/2017 at 02:55 UTC

206 upvotes, 6 direct replies (showing 6)

View submission: Don't invest recklessly

Indeed, but that’s his whole point: there’s nothing wrong with putting some money you don’t need into a roll of the dice. He’s just warning against throwing the money you do need in, along with it.

If we go to the stratosphere, I’ll be ordering my Lambo like everyone else here. But if we crash and burn, I’ve lost nothing I wouldn’t have spent on a sofa and a couple of holidays anyway, and my retirement will still be secure, if a little dull.

It’s a roll of the dice. It’s a roll of the dice I happen to believe in, but that doesn’t stop it being a gamble: all OP is saying is that people need to bear that in mind and not be greedy. Invest what you can live without.

Replies

Comment by sir-draknor at 30/11/2017 at 03:23 UTC

139 upvotes, 4 direct replies

Couple of my favorite investing quotes:

Bulls make money. Bears make money. Pigs get slaughtered.

Be fearful when others are greedy, and greedy when others are fearful.

Comment by rayuki at 30/11/2017 at 03:56 UTC

14 upvotes, 1 direct replies

Yep very well said. I don't think people should be going without essentials just to buy in that's for sure. But I wouldn't be doing my friends and family right if I didn't tell them I think its worth buying in so they have a piece of the pie when it takes off. Spend that cigarette money on bitcoin lol

Comment by Semi-Hemi-Demigod at 30/11/2017 at 12:22 UTC

2 upvotes, 1 direct replies

Hey now, don’t generalize. I won’t be ordering a Lambo. I’ll be ordering a Ferrari.

Comment by gxntrc at 04/12/2017 at 05:33 UTC

2 upvotes, 0 direct replies

Exactly. I'm paying for the thrill, just like i'd pay for an amusement park or skiing trip. The experience itself is worth the money

Unlike rollercoasters or ski slopes though, this thrill might directly help me financially in the future, so its much more worth it.