Investing in dumb luck

This should rather be called gambling right? No wait. It is more like buying a lottery ticket.

Yes, people purchase lottery tickets with the small hope of making big money by giving very little. Nothing wrong with that; if you win you win big and if you lose you lose very little. It makes perfect sense.

But what would you call a business owner who buys a lottery ticket with everything he has got? His money, his time, his family, his experience, his pride, his everything.

You would call him stupid.  But business owners don’t generally come under the stupid category.…