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100% of billionaires are outliers. Try not to extract patterns hoping for repeatable success.
by ivankirigin 18y ago
100% of billionaires are outliers. Try not to extract patterns hoping for repeatable success.
- gills 18y agoWell said. I would guess (and it's only a guess) that people with the drive to become billionaires would find a way regardless of formal education, and that there is no recipe you can follow to reach an outlier level of wealth.
- marcusbooster 18y agoWarren Buffet observed the correlation between access and wealth. If you figure what the "rate of genius" is, meaning if genius happens let's say 1 in a 1000, then it would stand to reason that there's more successful people in China and India by the numbers. But if we look at the list of billionaires by nationality* we see the U.S. has the overwhelming majority of them - 359 compared to 28/24. Genius does not equal wealth or even success perhaps, but I think there can be parallels drawn between them. Mr. Buffet himself said he would not have been the success he is if he were born in some place like Peru or something. * http://en.wikipedia.org/wiki/List_of_billionaires_by_nationality http://en.wikipedia.org/wiki/List_of_billionaires_by_nationa...
- mrtron 18y agoI just got the book 'Outliers' as a gift today - it is a fun read.
- ivankirigin 18y agoIt's pretty good. I think he makes some logical leaps in order to tell a better story.
- tsally 18y agoOutliers compared to the general population. The subjects here are billionaires; there are enough billionaires in the world to extract statistically significant patterns from that subject group. The article certainly doesn't do this, but you imply that billionaires as a group cannot be analyzed, which is not true at all.
- ivankirigin 18y agoClearly, I'm comparing it to the general population. Of course you can take any data set, look only at the outliers, and try to get some patterns. But almost everyone reading this is in the general population. I'd also bet they want to be billionaires.