$100,000 is a very small amount of money for smart people in finance, certainly not something they would spend a lot of time trying to get. It’s certainly possible that if you are very smart, have a bit of specialized information on some topic, have smart associates willing to give you advice, and are willing to devote, say, 100 hours you could find a $100k bill on the ground.
I think you make a good point, however I’m really looking for >$1 million bills on the ground. The examples I gave in the post weren’t primarily meant to be examples of success at picking up $100k bills on the ground, but rather examples of opportunities for >$1 million missed because I wasn’t paying attention. For example, when I was registering for weidai.com, why didn’t I stop to think, “the Internet will surely be big in China eventually, so let me just register all the available two syllable pinyin domain names while I’m at this”?
$100,000 is a very small amount of money for smart people in finance, certainly not something they would spend a lot of time trying to get. It’s certainly possible that if you are very smart, have a bit of specialized information on some topic, have smart associates willing to give you advice, and are willing to devote, say, 100 hours you could find a $100k bill on the ground.
I think you make a good point, however I’m really looking for >$1 million bills on the ground. The examples I gave in the post weren’t primarily meant to be examples of success at picking up $100k bills on the ground, but rather examples of opportunities for >$1 million missed because I wasn’t paying attention. For example, when I was registering for weidai.com, why didn’t I stop to think, “the Internet will surely be big in China eventually, so let me just register all the available two syllable pinyin domain names while I’m at this”?