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Elon Musk on pace to become world’s first trillionaire by 2027, report says
(www.theguardian.com)
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this post was submitted on 08 Sep 2024
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Past returns are no guarantee of future success. How many damn times do financial people have to say this?
Given that they've implicitly sampled only the most successful past performers to start with, I'm going to say this is a rare case where the gambler's fallacy works. More likely than not, his future returns will be lower.