My rule of thumb is unless the person sharing the strategy:
* owns their own private jet/yacht/other signs of opulence
* didn't share it with anyone else
try to ignore it
* owns their own private jet/yacht/other signs of opulence
* didn't share it with anyone else
try to ignore it
What if they got their private jet by tricking others into following the strategy?
He realised he was observing the upper tail of a distribution of people who were aggressive risk takers, yet naïve about the risks they were taking – the businessmen one sees in the casinos are the ones successful enough to have enough money to lose.
These same people provide the underlying dynamics of capitalism. They are not rational, they do not understand risk and are therefore prepared to take risks that a rational agent would not take. And it is these people who drive the growth of the economy.