I will leave you with this statistical thought, the game of which is far more favorable than the game your posts promote:
If you play a game which:
Has a probability of success of 99.99% and pays you $1b for each $1 you bet; but
You continue to reinvest all of your profits in that game...
You are guaranteed to eventually go broke, your long term expectation of survival is exactly 0.
You or your families might get away with it for a long time... say one or two, or 200 life times etc, but the black swan will eventually get you. It's Russian roulette with with 1000 chambers.
Separately, I was once a risk manager at a major Australian stockbroking firm and I have personally seen, usually once or twice a year, major families and/or family offices completely blow up playing this exact game on stocks. It amazing how many wealth business people know absolutely sweet zip all about basic, intuitive risk management - success can go to their head.
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