My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Back to Beliefs
Rich people don't gamble because they understand edge calculations
Evidence
Mentor's simple question about house edge immediately changed gambling behavior
Implication
Financial education should focus on understanding statistical disadvantages
Counter Belief
Gambling can be entertainment value worth paying for, like movies or concerts
Example Application
Before any investment or business decision, explicitly calculate the mathematical odds and house edge