A good illustration of why financial markets are useful is that what the risk-averse person really wants to do in this situation is *sell* the 50-50 lottery to the most risk-tolerant person they can find for $499,000.
@draper_rob Irrational exuberance + a whole lot of casuals getting pulled in for a world cup year. I don't think most knowledgeable Americans really thought this was our year.
@MattDaWhite@JenniferSey Ummm.... wut? There are approximately 20 people worth $100 billion. There are approximately 350 million Americans. Do you even math?