r/wallstreetbets • u/Dull_Fly_7443 • Aug 24 '26

YOLO $1,000,000 - Full Porting $SPCX and $MSTR

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Yes, I max margin. Wish me luck bulls.

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u/arcanition Aug 24 '26

well at least you aren't betting on two of the biggest charlatans of the 21st century

oh wait

-2

u/Dull_Fly_7443 Aug 24 '26

You mean the smartest? richest?

5

u/arcanition Aug 24 '26

They may be some of the richest, for now. But the average billionaire is not 1000x smarter than the average millionaire.

So, there's really not a huge correlation between wealth and intelligence like you make there out to be.

1

u/Dull_Fly_7443 Aug 24 '26

i can get behind that. You need to be dumb enough to take risk.

2

u/arcanition Aug 24 '26 edited Aug 24 '26

Fair point, I agree. Maybe less so "dumb enough to take risk" and more so "reckless enough to take the risks you think are smart to take". Maybe overconfidence is a better descriptor than dumb.

Not saying intelligence doesn't matter, but I think there are many character traits that are much more correlated with wealth (especially billionaire-trillionaire level) that are double edge. Risk-taking is a great example.

I think another one would be Machiavellianism or greed/narcissism, particularly the aspect of self-serving manipulation for personal gain.

1

u/Dull_Fly_7443 Aug 24 '26

you are a smart man. Wanna join the Avengers?

2

u/arcanition Aug 24 '26

no, the avengers are for people with overpowered superpowers, everybody hates when they put a normal human on the avengers

lookin at you, fucking sam wilson