More Lottery Tickets Won't Get You to 100x: The Price of Not Going to Zero (Why 100x Is Hard 3/4)
Split $10K into 100 tickets and one must go 10,000x for the whole account to go 100x. The two-stage rocket nears the math ceiling at a 94% chance of ruin; a barbell avoids ruin but cuts 100x odds to about 0.03%.
Reply