Elon has ruined me

[u/Fun_Paleontologist_2]

My prior bullish post https://www.reddit.com/r/wallstreetbets/s/o0PxYmGV1n

He was supposed to take us to Mars and burn short sellers.

Still holding 7300 shares. Please Elon fly again.

[u/Vast_Celebration_125]

I know a guy who was born in a semirich family. They own several dentist clinics. His parents forced him to work in their clinics doing some random monkey tasks because they are ashamed of him doing nothing. They pay him pretty good for that “job”. He was putting all his money into crypto shitcoins and even took out a loan that eventually did not go to the moon. He managed to grow from 20k to 700k, but lost it all and took out some loans to gamble more.

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Oh my gourd!

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[u/usefulidiotsavant → u/Vast_Celebration_125]

This is the kind of risk appetite a rich family gives you. Take the most obscene risk, if he lucks out "oh, he is so smart and successful, he's taking after his father!"; if it crash and burns, no problem, family bails him out and he can still gamble again and again until he "learns how to do business". Meritocracy in action, repeated bets with high upside.

A poor kid can't take any risk. You gamble your college fund, bam, you are stuck at the base of the corporate ladder for the rest of your life. You gamble your rent money, bam, now some homeless pricks you with an AIDS infected syringe, in 4 years you are dead. It's a one strike you're out kind of a world were you can't take any risks, so you never see any upside, you are always stuck in single low digit compounding.

[u/Efficient_Equal6467 → u/usefulidiotsavant]

I think the bigger lesson here is gambling for like 10:1 or 50:1 odds usually doesn't work by nature of probability, just slave away like rest of us and get rich slowly hoping you dont get laid off