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  1. #1
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    If you're so smart why aren't you rich?

    Interesting article. I guess luck isn't highly overrated. I always saw life as two paths. If you go down one, the results are better than the other.

    If Youíre So Smart, Why Arenít You Rich? Turns Out Itís Just Chance.

    The most successful people are not the most talented, just the luckiest, a new computer model of wealth creation confirms. Taking that into account can maximize return on many kinds of investment.

    What factors, then, determine how individuals become wealthy? Could it be that chance plays a bigger role than anybody expected? And how can these factors, whatever they are, be exploited to make the world a better and fairer place?

    We finally get an answer thanks to the work of Alessandro Pluchino at the University of Catania in Italy and a couple of colleagues. These guys have created a computer model of human talent and the way people use it to exploit opportunities in life. The model allows the team to study the role of chance in this process.

    The results are something of an eye-opener. Their simulations accurately reproduce the wealth distribution in the real world. But the wealthiest individuals are not the most talented (although they must have a certain level of talent). They are the luckiest. And this has significant implications for the way societies can optimize the returns they get for investments in everything from business to science.

    https://getpocket.com/explore/item/i...-s-just-chance
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

  2. #2
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    I have always wondered this ^^
    Lee Lau - xxx-er is the laziest Asian canuck I know

  3. #3
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    Casual observation confirms this.

    But ffs, what is the way societies can optimize the returns they get for investments?
    And this has significant implications for the way societies can optimize the returns they get for investments in everything from business to science.

    https://getpocket.com/explore/item/i...-s-just-chance

  4. #4
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    Quote Originally Posted by Meadow Skipper View Post
    Casual observation confirms this.

    But ffs, what is the way societies can optimize the returns they get for investments?
    Subsidizing purchases of rabbits feet, 4-leaf clovers and horseshoes?

    Randomly placing pennies on the ground?

  5. #5
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    Malcolm Gladwell's book Outliers sort of gets into this. Truly successful people are almost never the result of talent and hard work alone.
    Last edited by The Tortoise; 09-23-2022 at 03:20 PM.

  6. #6
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    Quote Originally Posted by The Tortoise View Post
    Malcolm Gladwell's book Outliers sort of gets into this. Truly successful people are almost never the result of talent alone.
    What about Josh Allen?

    Go Bills!
    "timberridge is terminally vapid" -- a fortune cookie in Yueyang

  7. #7
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    What about Josh? It is a "Team" sport and without a strong supporting cast he is Joe Burrow, so Josh is lucky, Joe not so much.
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

  8. #8
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    In America, being an asshole wins out over the intelligent.
    Merde De Glace On the Freak When Ski
    >>>200 cm Black Bamboo Sidewalled DPS Lotus 120 : Best Skis Ever <<<

  9. #9
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    What about Bobby Stainless? He's killing it in Music City and providing content and free Carfax's to all of us here.
    "timberridge is terminally vapid" -- a fortune cookie in Yueyang

  10. #10
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    >>ahem<<
    Merde De Glace On the Freak When Ski
    >>>200 cm Black Bamboo Sidewalled DPS Lotus 120 : Best Skis Ever <<<

  11. #11
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    Gladwell is a contrarian conservative POS

  12. #12
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    Quote Originally Posted by The Tortoise View Post
    Malcolm Gladwell's book Outliers sort of gets into this. Truly successful people are almost never the result of talent alone.
    Almost?

  13. #13
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    Quote Originally Posted by Buster Highmen View Post
    In America, being an asshole wins out over the intelligent.
    So a lucky asshole trumps all?
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

  14. #14
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    Quote Originally Posted by liv2ski View Post
    So a lucky asshole trumps all?
    Smart asshole who's lucky. I dabble in all three.
    Merde De Glace On the Freak When Ski
    >>>200 cm Black Bamboo Sidewalled DPS Lotus 120 : Best Skis Ever <<<

  15. #15
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    Quote Originally Posted by liv2ski View Post
    So a lucky asshole TRUMPs all?
    Lol. Good one.

  16. #16
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    Quote Originally Posted by Buster Highmen View Post
    Smart asshole who's lucky. I dabble in all three.
    Hmmm, I guess I kind of fit that mold too. I have certainly been lucky.
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

  17. #17
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    Quote Originally Posted by bodywhomper View Post
    Gladwell is a contrarian conservative POS
    Huh? Malcom Gladwell? The same guy who promotes being Anti-racist? He always seemed to be more center left to me.

  18. #18
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    Iíll add the article seems pretty spot on from my experience and I engage with a lot of wealthy business owners. Being an entrepreneur is especially dependent on luck. Hence why most successful entrepreneurs have failed, often multiple times, before succeeding.

    My own experience follows this as well. Iím not the worlds most talented accountant in my field, but I had the right relationships, took a risk, started a new division of a company, and have gotten compensated better than most. Iím not a 1%er but do well enough. I constantly think about that, and it results in self-doubt at times. I like to think that many others who are more narcissistic would think they deserved it all and then some and hopefully the people I oversee are better off with me.


    Sent from my iPhone using TGR Forums

  19. #19
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    Money isn't the measuring stick people think it is.

  20. #20
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    You donít have to be an asshole to wind up rich but you usually have to be cheap. You donít become a millionaire by earning a mill. You get there by saving a mill.

  21. #21
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    Quote Originally Posted by Brownski View Post
    You don’t have to be an asshole to wind up rich but you usually have to be cheap. You don’t become a millionaire by earning a mill. You get there by saving a mill.
    Case in point: https://www.tetongravity.com/forums/...ase-the-Kraken

  22. #22
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    Quote Originally Posted by ::: ::: View Post
    Money isn't the measuring stick people think it is.
    Inverse proportion to penis size?

  23. #23
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    I've saved billions. I guess that makes me some kind of a freak with a jet?

  24. #24
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    Quote Originally Posted by J. Barron DeJong View Post
    Almost?
    Well yeah, surely somewhere there must be an exception.

  25. #25
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    Quote Originally Posted by ::: ::: View Post
    Money isn't the measuring stick people think it is.
    Exactly. This article is missing the key point. Once you have basics covered there is a lot more to happiness than $$.

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