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To answer the question posed in the title (and yes, I read the fluffy article) - luck decides who gets rich.
To answer the question posed in the title (and yes, I read the fluffy article) - luck decides who gets rich.
Whenever you see someone who you believe to be an idiot succeeding, it usually means they're really good at the game and you don't even understand what the game is .
Whenever you see someone who you believe to be an idiot succeeding, it usually means they're really good at the game and you don't even understand what the game is .
To answer the question posed in the title (and yes, I read the fluffy article) - luck decides who gets rich.
Even I thought Disney plus might be the beginning of the end for Netflix, that it finally met a Goliath it couldn't best, but now even that isnt obvious anymore.
The synopsis of all the coverage was: "How could they have spent all that money? And how could the investors have been so STUPID?"
My friend Fred Destin wrote a great essay on this[1], and I'll do the horrid thing of quoting my own note to him in reply:
> It’s analogous to a soccer fan questioning the manager’s decision to put player X on the field instead of Y. The manager sees both players on the training ground for hours every day, knows their mood, talks to them, understands how they respond to different situations, and consults his coaches. Then the matchgoing fan sees 90 minutes of output on Saturday and makes a judgement with > Past a certain point in fundraising and traction, it’s impossible to believe that a startup failing is anything more interesting than a combination of poorer-than-expected execution, and bets not paying off.
[1] https://medium.com/tech-london/hey-yplan-how-do-you-dare-go-...
To answer the question posed in the title (and yes, I read the fluffy article) - luck decides who gets rich.
To answer the question posed in the title (and yes, I read the fluffy article) - luck decides who gets rich.