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How to get rich without getting lucky (2018)
21–30 of 193 posts
Re: How to get rich without getting lucky (2018)
#22"Making Money Isn’t About Luck": Being born to parents who give away >1M$ is surely hardwork.
Re: How to get rich without getting lucky (2018)
#23I used to follow that guy religiously then I realized that he knew how to hack the "attention" system on social media. He is famous for what really is little fluffy sentences that would get retweeted and make him look like a wise man with the ultimate truth about everything. Now I see him as a huge hack. Almost a complete parody of Silicon Valley.
I think you nailed it with the term "parody" of every piece of self-help advice out there. This post reads like a buzzfeed article "21 ways to get rich". Here's a thousand soundbytes that very aren't actionable or who knows if any of them are right.
Is there any such “how to get rich” advice that IS actionable?
Literally all of it I’ve come across suffers from extreme selection bias, and does not account for (or give credit to) luck.
Re: How to get rich without getting lucky (2018)
#24Earlier quoted context omitted.
I think you nailed it with the term "parody" of every piece of self-help advice out there. This post reads like a buzzfeed article "21 ways to get rich". Here's a thousand soundbytes that very aren't actionable or who knows if any of them are right.
Is there any such “how to get rich” advice that IS actionable? Literally all of it I’ve come across suffers from extreme selection bias, and does not account for (or give credit to) luck.
"Increase surface area" is the only one I can think of.
I.e., the "make your own luck" aphorism - the more you open yourself up to opportunities, the more likely you are to get lucky in the first place (finding an opportunity to generate riches).
So like, meeting lots of people, talking to lots of people, going out a lot. Not staying in, and if you are staying in, increasing your knowledge-based surface area.
Pretty much my go-to advice when I'm mentoring job seekers - the more people see your resume, the sooner you'll get a job, one way or the other. Nobody's gonna hire you if they don't "see" you.
Re: How to get rich without getting lucky (2018)
#25>We are the only animals in the animal kingdom that cooperate across genetic boundaries. Most animals don’t even cooperate. But when they do, they cooperate only in packs where they co-evolve together, and they share blood, so they have some shared interests.
>Humans don’t have that. I can cooperate with you guys. One of you is a Serbian. The other one is a Persian by origin. And I’m Indian by origin. We have very little blood in common, basically none. But we still cooperate.
That's... kinda weird. I mean, humans are also the only animals on the planet with language. Or like, the only ones that can associate abstract concepts with value (so trading shells for food, etc). We can teach some of this to other animals, but only for a single generation - none of them are "discovering" it on their own.
I don't buy that this is a argument for the "naturalism" of capitalism.
Re: How to get rich without getting lucky (2018)
#26>> But then of course Uncle Sam show up, and basically say, “Hey, you know what, you just made a lot money this year. Therefore, you’re rich. Therefore, you’re evil and you’ve got to hand it all over to us.” The government doesn't tax rich people because they're evil - they tax rich people to provide food, education, and security for society. Progressive taxes are useful because they help fight poverty and allow the…
> K-12 education is payed for by taxes
Many wealthy families send their children to private schools. Even though some states have "school choice" programs that let the budgeted amount from taxes go to the schools, the families still pay the bulk of the price.
We don't know the poster's history, but it's entirely possible he attended private schools his entire life and was blissfully unaware of how the rest of us were educated.
Re: How to get rich without getting lucky (2018)
#27>We are the only animals in the animal kingdom that cooperate across genetic boundaries. Most animals don’t even cooperate. But when they do, they cooperate only in packs where they co-evolve together, and they share blood, so they have some shared interests. >Humans don’t have that. I can cooperate with you guys. One of you is a Serbian. The other one is a Persian by origin. And I’m Indian by origin. We have very li…
>We are the only animals in the animal kingdom that cooperate across genetic boundaries. Most animals don’t even cooperate. But when they do, they cooperate only in packs where they co-evolve together, and they share blood, so they have some shared interests.
I mean, this is outright wrong. There are many species that cooperate with other species for common goals. There's many symbiotic relationships, there's cases of cooperative hunting between species, there's interspecies friendships, the list goes on.
Humans may be better at collaboration but it is by no means an exclusive trait.
Re: How to get rich without getting lucky (2018)
#28>> But then of course Uncle Sam show up, and basically say, “Hey, you know what, you just made a lot money this year. Therefore, you’re rich. Therefore, you’re evil and you’ve got to hand it all over to us.” The government doesn't tax rich people because they're evil - they tax rich people to provide food, education, and security for society. Progressive taxes are useful because they help fight poverty and allow the…
> K-12 education is payed for by taxes Many wealthy families send their children to private schools. Even though some states have "school choice" programs that let the budgeted amount from taxes go to the schools, the families still pay the bulk of the price. We don't know the poster's history, but it's entirely possible he attended private schools his entire life and was blissfully unaware of how the rest of us were…
I doubt there is any person in America who is so out of touch he doesn't know about public schools.
Re: How to get rich without getting lucky (2018)
#29I shall absolve you of all guilt past and future. Simply give me your money.
Re: How to get rich without getting lucky (2018)
#30I shall absolve you of all guilt past and future. Simply give me your money.
No really. I'm a guru.