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Basically luck, survivorship bias. See Morgan Housel's Psychology of Money book, and this passage about luck and risk in it: https://www.collaborativefund.com/
by cercatrova 6y ago
Basically luck, survivorship bias. See Morgan Housel's Psychology of Money book, and this passage about luck and risk in it:
https://www.collaborativefund.com/blog/the-psychology-of-money/ https://www.collaborativefund.com/blog/the-psychology-of-mon...
- giantg2 6y agoNow if only the guy with the $100 million had enough survivor's guilt to give me $1 million lol Edit: looks like my joke failed
- cercatrova 6y agoHaha well are you're working on anything interesting?
- giantg2 6y agoNope. I'm just a corporate peon.
- anotheryou 6y agoHa, you sparked some thought in me, going a bit off-topic here though :) I'd love to see some non-profit R+D department for social media. And I wonder what's the closest thing to that existing right now. On the science side there are dry studies, either relatively tiny or looking at what is there. On the practical side there are technical people fighting for privacy, decentralization and against censorship, but with little feel or innovation beyond that. No one does proper product research. I wrote a concept for a curation tool in my studies, but it didn't really fit the program and I wonder where it could fit after all. Now I'm just earning money as a product manager and can't afford not to.
- dusted 6y agoThis is one of my favorite articles on the subject of wealth :)