Originally Posted by
Shagpile
I am essentially arbitraging the information asymmetry, my risk profile versus others, financial position and age/investment horizon.
Speculative investments are like that: high risk - high reward animals. and yes the way you keep the edge is by having a better inteligence on the risk reward factor. I just question the quality your information asymmetry, I don’t think its enough to mask out the risks pending. risk of non completion, risk of major design shortcoming, risk of time horizon running way over expectation ....
The new crop of hill buyers-investors are like angel investors believing in a new model - hoping to make money on on that vision?