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I'm afraid everyone giving robber barons and their ilk as counter-examples is misreading the essay. PG states that he works on the premise that a new non-zero-s
by ovi256 12y ago
I'm afraid everyone giving robber barons and their ilk as counter-examples is misreading the essay. PG states that he works on the premise that a new non-zero-sum game of wealth creation is afoot, as exemplified by tech startups. In this specific context, being non-mean significantly improves success odds.
Everyone focuses on the last statement but misses the premise, which is a recurring theme in Graham's essays.
- davidgerard 12y agoYou mean, "never mind all those real-world examples, just look at this lovely theory!"
- pinaceae 12y agooh, that is clear. but that, let's say, "new economy" talk has been around for a long time and simply does not vibe with history, capitalism, human nature. human beings that strive for greatness are ruthless, that necessary focus and willpower come with a price. it can be seen everywhere - politics, the military, arts, sports,...