4 ms·
Hard work, intelligence, and preexisting resources are typically prerequisites, and then a whole lot of luck comes into play. I suspect taking their wages in s
by scarmig 3y ago
Hard work, intelligence, and preexisting resources are typically prerequisites, and then a whole lot of luck comes into play.
I suspect taking their wages in stock wasn't an option actually offered to janitors, and even if it had been, they wouldn't have taken it: unmarketable equity doesn't put a roof over your head or put food on the table. Bezos, on the other hand, could afford to take below market compensation (at least liquidity-wise) because he had a pile of money already from his time in finance.
- therealdrag0 3y agoTotally agree. It’s just an analogy to illustrate the gamboling nature of getting rich and how the starting conditions are more widely available than many people think, it’s just start to finish is very risky low chance of success. For example, as an average well paid engineer, I could afford to gamble with a lot of money and my company even offers reduced pay for extra stock plans but I don’t take it and I sell every RSU I get the moment it vests. And that choice means I’ll never get rich off the stock.