That was pure luck. Investing 100 percent of your life savings in one high risk thing is dumb. That is not to say some people won't win that way but the vast majority will loose. That guy lacks wisdom and got very lucky.
Is it though? At that point in his life, perhaps late twenties, how much accumulated life savings could he possibly have? If he lost it all, he would probably put himself maybe 10 years back, sucks, but not unrecoverable. How often does a moonshot come around? What other point in his life could he have taken such a risk? Maybe there’s some wisdom here, it’s not all luck.
Luck. There were a million other more promising moonshots at the time. He rolled the dice and lucked out. He also could have taken his life saving and taken it to Vegas and made even more money.
