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<p>[QUOTE="-jeffB, post: 3247163, member: 27832"]And some questionable ones:</p><p><br /></p><p><br /></p><p><br /></p><p>Cute, but untrue. There are <i>a nearly unlimited number</i> of things that <i>might</i> go up 50x. For nearly all of those, I don't have 98% conviction that it's not going to happen -- because I don't know enough about them, and never will, except in hindsight.</p><p><br /></p><p>It seems like you could rephrase that quote to say "if you have 2% conviction that an item will go up 50x, you must put money into it." But that's <i>not</i> saying the same thing. I don't have 2% conviction that Bitcoin will soar, <i>and</i> I don't have 98% conviction that it won't. This is not a horse race, with publicly posted odds. It's a complex, muddy, real-world situation, replete with hidden information.</p><p><br /></p><p>I'll grant your assertion that Forbes is "mostly garbage", because I have the impression that it's becoming a forum for random and unvetted contributions. This particular piece reads to me like a sales pitch. That puts me into defense mode, even more than I typically am when reading Forbes.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 3247163, member: 27832"]And some questionable ones: Cute, but untrue. There are [I]a nearly unlimited number[/I] of things that [I]might[/I] go up 50x. For nearly all of those, I don't have 98% conviction that it's not going to happen -- because I don't know enough about them, and never will, except in hindsight. It seems like you could rephrase that quote to say "if you have 2% conviction that an item will go up 50x, you must put money into it." But that's [I]not[/I] saying the same thing. I don't have 2% conviction that Bitcoin will soar, [I]and[/I] I don't have 98% conviction that it won't. This is not a horse race, with publicly posted odds. It's a complex, muddy, real-world situation, replete with hidden information. I'll grant your assertion that Forbes is "mostly garbage", because I have the impression that it's becoming a forum for random and unvetted contributions. This particular piece reads to me like a sales pitch. That puts me into defense mode, even more than I typically am when reading Forbes.[/QUOTE]
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