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> I don't know why so many feel the need to reduce the effort, skill, and ingenuity of these founders and builders as if them building a Berkshire, Amazon, or T
by GDC7 5y ago
> I don't know why so many feel the need to reduce the effort, skill, and ingenuity of these founders and builders as if them building a Berkshire, Amazon, or Tesla was a given.
It was not a given, but these people are serial coin-toss winners and lazy observers claim they found a way to have an edge in the 50:50 coin toss odds.
In reality if you take a sample of 8 billion people somebody is bound to record 10,000 consecutive coin toss wins , and not because they consciously found a way to crack the coin toss process, but purely because of luck and law of large numbers
The initial hand over of money from rich parents is just the very start of wins in the long series of coin toss wins.
- FDSGSG 5y ago>In reality if you take a sample of 8 billion people somebody is bound to record 10,000 consecutive coin toss wins Math does not check out. Perhaps you meant around 33 consecutive coin toss wins?
- GDC7 5y agoHow many events contributed to Buffett, Gates, Zuckerberg, Trump, Biden...status? Each and every event going their way.
- FDSGSG 5y agoI'm just objecting to the numbers here, you could have every person in the world tossing coins for the rest of their lives and the odds are that nobody would ever record 10000 consecutive wins. AFAICT, if everyone in the world flipped a coin 10000 times the longest streak would most likely be around 33.
- fuzzfactor 5y agoIOW each and every event in defiance of the odds that have always faced the least privileged of non-contenders for that exact reason.