“Hollywood and Silicon Valley really exist because of a few big successes,” Mr. Strebulaev said. “If you take a random movie, it loses money. Hollywood makes money from its big hits. The exact same is true with Silicon Valley; the average investment loses money.” He said both were considered “alternative investments.”
So which is a better investment — Hollywood or Silicon Valley? Here’s Mr. Strebulaev’s bottom line: If you want bigger wins, go with Silicon Valley, if you want more consistent, but smaller returns, pick Hollywood. But if you want to reliably make money, go with neither. “If you look at other markets, if you invest oil or steel, you will have a more consistent return on your investment.”
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