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A lot of “idiotic” things have reasonable explanations (2011)

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Re: A lot of “idiotic” things have reasonable explanations (2011)

#131
post #37

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 .

Or they took more risks than you and it paid off. Or they just happened to be in the right place at the right time. Or...

Over the course of your entire life, the statistical expected values of the "gambles" tend to net out.

Re: A lot of “idiotic” things have reasonable explanations (2011)

#133
post #39

Earlier quoted context omitted.

So Trump is really good at the political game, for instance?

Trump is a world-class salesman. And this skill is more about instinct than cerebral/deep thinking, which is why nerds “just don’t get it”. Check Scott Adams’ writing on Trump’s persuasion abilities.

But he has conspicuously failed to sell to 50% of his nation. Obama was a consummate salesman too and occupied the middle. Do you really think a rich entitled Trump who inherited his millions out-sold the first black president of the USA? Trump sold to his own. Obama sold worldwide.

Tony Blair is a consummate lier and fraud and he sold better than Trump. He has a post prime ministerial income based on selling. Once Trump leaves office, like Bibi the lawsuits are a mile thick in paperwork. He won't sell nearly as many books as Blair or Obama, except critiques which may not pay him royalties.

I doubt if the miss universe comp wants him back either.

Re: A lot of “idiotic” things have reasonable explanations (2011)

#134

I love the way people who consider themselves smart rationalize their lack of success/wealth, including here. - I don't want to be wealthy anyway - To be wealthy you have to be ruthless and I prefer to be nice - smart people are so busy with issues much more important than money - wealthy people are just lucky idiots - wealthy people are just idiots who are better at exploiting other idiots - people who are wealthy s…

I am wealthy, but I admit I'm an idiot who just got lucky. And I believe that the majority of wealth comes from pure luck. Come one, you get born in USA and you salary for the same job is automatically 10 times higher than if you were born in India.

Re: A lot of “idiotic” things have reasonable explanations (2011)

#135

Earlier quoted context omitted.

Or their family donated enough money to an Ivy to have a building named after them.

Passing on wealth to your children is part of the game. Or did you think the game ends after 1 generation?

Which means the parent of the idiot was good at the game, but does not mean the idiot himself/herself is good.

Unless by "good at the game" you refer to the skill of dropping out of the right vagina, like royalists do.

Re: A lot of “idiotic” things have reasonable explanations (2011)

#136

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 .

Or maybe you do, but simply refuse to play the game due to ethical and moral grounds.

I don't see how that applies here. There are lots of ways to make high income that have no ethical dilemmas.

Re: A lot of “idiotic” things have reasonable explanations (2011)

#137
post #112
post #43

Earlier quoted context omitted.

He said success, not wealth. Yes, obviously someone inheriting their parents' billion dollar business is wealthy, but I wouldn't consider them successful unless they've done something on their own.

It's often not all that hard to disguise one as the other. I worked for a guy once who was drowning in family wealth and all he had to show for it was a failing business. After years of losses that almost nobody else would have been able (or willing) to sustain he made it into a moderate success. Outwardly, at face value, he's doing pretty well, until you count the decade of losses which nobody talks about. Another f…

Microsoft's division that made X-Box {,360,One} was in the red for years as well and lost billions before it made its first profit (I think it's now profitable overall, but I wouldn't be surprised if it actually didn't yet return all the money put in to it through the years).

Almost nobody else would have been able (or willing) to sustain the costs that made it into a success.

What matters is the bottom line.

Re: A lot of “idiotic” things have reasonable explanations (2011)

#138

> I think we should eliminate the corporate income tax . . . and tax income once, when it hits a person. LOL what? Can't have it both ways, pal. I've seen this line of thought expressed a few times before, and it strikes me as disingenuous to hold that a corporation is a person... right up until the moment that idea puts slightly less money in your pocket.

Corporation tax does have its problems though. In particular it's easy for globalised companies to shift profits around the world to avoid paying it.

Personally I'd rather we started treating dividends and even capital gains as normal income and eliminate corporation tax.

Re: A lot of “idiotic” things have reasonable explanations (2011)

#140
post #112
post #43

Earlier quoted context omitted.

He said success, not wealth. Yes, obviously someone inheriting their parents' billion dollar business is wealthy, but I wouldn't consider them successful unless they've done something on their own.

It's often not all that hard to disguise one as the other. I worked for a guy once who was drowning in family wealth and all he had to show for it was a failing business. After years of losses that almost nobody else would have been able (or willing) to sustain he made it into a moderate success. Outwardly, at face value, he's doing pretty well, until you count the decade of losses which nobody talks about. Another f…

Failing is part of the learning-Process.

With more money can of course learn to fail in greater scale, but IMHO this also has benefits in it's own. Learning to think big is a skill of it's own. Small business plays by different rules than big business, even if they have overlaps.

And I also think how succesfull you really were can only be said after staying on your peak for some time, because some games go really really long.

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