> The fact that you can select a sample of outliers who won big on risky investments doesn't change the overall statistical situation. Most capital is still getting low returns.
That's the key part. Looking at only winners doesn't tell you the whole story. It's like looking at lottery winners and saying: "Why are returns from gambling with the lotto so high?"
That's the key part. Looking at only winners doesn't tell you the whole story. It's like looking at lottery winners and saying: "Why are returns from gambling with the lotto so high?"