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The point is that Zuck and Gates had capacity to take on risk. There’s no guarantee that their risk would have paid off, but the other side of the coin wasn’t s
by throwaway100773 7y ago
The point is that Zuck and Gates had capacity to take on risk. There’s no guarantee that their risk would have paid off, but the other side of the coin wasn’t starvation and destitution. They basically had a heads I win tails I don’t lose type of situation.
This is the big idea here - being born in the right situation gives you the ability to bear risk where a lower middle class kid can’t bear that risk because if things don’t work out, that kid is going to be homeless. When you can take a lot of risk with little downside, it almost always pays off in the long run.