Because taking high variance slightly negative EV shots is not a terrible strategy when you have a long time horizon.
this is the "lose money on every sale but make it up on scale" version for gamblers and I love that for you.
By “not terrible” you mean “bad but not very bad” and not “good” right?
"High variance, slightly-negative EV shots on a long time horizon" is a gambling addict's way of justifying the old adage, "sure, we're losing money on each sale, but we'll make up for it in volume!"
this is the "lose money on every sale but make it up on scale" version for gamblers and I love that for you.
By “not terrible” you mean “bad but not very bad” and not “good” right?
"High variance, slightly-negative EV shots on a long time horizon" is a gambling addict's way of justifying the old adage, "sure, we're losing money on each sale, but we'll make up for it in volume!"