Let’s say an opportunity comes up with 10% chance of making Coinbase $5T company and 90% chance of sending value to 0.
A shareholder with properly balanced portfolio would likely go for the $5T option. Fully invested CEO might want to stay safe and even avoid bringing up this opportunity as there’s 90% chance for him to loose everything.
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Let’s say an opportunity comes up with 10% chance of making Coinbase $5T company and 90% chance of sending value to 0.
A shareholder with properly balanced portfolio would likely go for the $5T option. Fully invested CEO might want to stay safe and even avoid bringing up this opportunity as there’s 90% chance for him to loose everything.