On: Larry Ellison wants to put all America's data in A...

[rconti]

Yeah, it's actually a little weird because typically as people become richer they become more risk-averse, as you have more to lose.

[arrosenberg → rconti]

Risk aversion can take different forms. A paranoid Larry Ellison vows to build a security state. A paranoid Andrew Carnegie built libraries, universities, and concert halls.

[johannes1234321 → rconti]

At the same time:

* You become that rich only if hoarding money brings you joy and is your key driver

* You can buy a lot of things, thus one of the few challenges is becoming richer than the peers

[jrm4 → rconti]

This is exactly backwards, I think.

"Risk-averse" (really, wealth loving) people, uh, loving amassing wealth.

[disambiguation → rconti]

Alternatively, there's no real risk if you still have a lot left over even after losing.

[aylmao → disambiguation]

+1. It's very different gambling $10 million if it's all the money you have, vs if it's just 4.58% of your net worth, as is the case with Ellison for example.