re: AAF reportedly needed emergency $250 million investment

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Guys like Dundon don't become relatively young and insanely rich by making bad investments, especially of this magnitude.

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Ehh that’s a fallacy. Rich dudes make bad investments all the time. They just have other investments that outweigh the bad and when you hit you hit big

Look at all the people who got cleaned out by Elizabeth Holmes. It’s reads off like a list of the worlds richest and smartest businessmen.


It’s a common fallacy people fall for and the difference is when those guys mess up, they are out a lot of money but have a lot of money to fall back on. When Joe scmho puts his life savings into something because “well this smart and rich guy is into it so it must be something” and it bottoms out, Joe Schmo is out on the streets