Alsadius comments on Why is it rational to invest in retirement? I don't get it. - Less Wrong

20 Post author: diegocaleiro 16 May 2013 01:28AM

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Comment author: Alsadius 17 May 2013 08:15:19AM 3 points [-]

The odds of that are low - new technology increases the overall wealth of society, after all. Yeah, I might lose some if I invest in the wrong fields, but if I invest in index funds, the mint made by a company with a really good new idea will outstrip the losses from the buggy-whip companies.