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By definition, your friends are likely to be concentrated in specific sub-groups (that’s how friend networks work). So if you know one Facebook millionaire, the
by pja 9y ago
By definition, your friends are likely to be concentrated in specific sub-groups (that’s how friend networks work). So if you know one Facebook millionaire, the likelihood is that you know a bunch of them.
By contrast, I don’t know any Facebook millionaires. Nor do lots & lots of other people, even within the Tech industry.
You can't generalise from your personal experience to the "average" experience - 'Facebook millionaires' are not randomly distributed, but clustered together: social graphs are not randomised.
- eldavido 9y agoI think this is true, but I draw a different conclusion: talking about industry-wide "Averages" is a complete waste of time. It's sort of like talking about "the housing market" vs. the Houston market, Chicago market, SF market, etc. There is no "average experience" just like there's no "average housing market". That level of aggregation is just meaningless. It's much better to consider one's circumstances and think about people in your situation, their odds, vs. some meaningless aggregate.