Technology
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
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I'm going to guess this Gerber-person is being pseudo-optimistic to try to bait other people into investing money as well, so he might have a chance of getting his million back.
Because otherwise, how in the fuck can you be this rich and this bad at judging reality?
I would argue that the rich can be quite bad at judging reality because they can afford it. They can lose a normal person's life savings worth in a single bad bid, shrug and move on.
The other important thing to keep in mind is that capitalism isn't a meritocracy. Luck plays a major role in whether somebody becomes rich or not while smarts are not all that important https://www.pbs.org/newshour/economy/making-sense/analysis-if-youre-rich-youre-more-lucky-than-smart-and-theres-math-to-prove-it