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Earlier quoted context omitted.
Effort without intelligence is just pointless toil though. Either this paper is saying it’s pure chance, in which case effort isn’t relevant, or some intelligence is required.
If you're saying "intelligence" as in greater than 75 IQ then sure. If you slide that scale any further you'll quickly be overweighting intelligence to success
Earlier quoted context omitted.
Wonder what the title would have been if the simulation spit out the opposite result - “Not so lucky after all? Science confirms poverty caused by lack of intelligence, talent.”
The problem with studies like this and why they lack credibility is there probably wouldn’t have been a headline if the model didn’t spit out the result that wealth is created primarily by luck. They either wouldn’t have published the result, or they would have come up with a new model.
Don’t use “wealth” and “success” interchangably. It’s a sad Americanism(?).
The smartest people I know never optimized any choices for wealth at all. That’s why they aren’t wealthy. Many chose careers in academia or culture, actively choosing income that might be 1/3 of what they could have made. But they chose it out of curiosity and love for what they are doing.
Others chose to prioritize family over finance. I consider many of them wildly successful too.
> The most successful people are not the most talented, just the luckiest, a new computer model of wealth Don’t use “wealth” and “success” interchangably. It’s a sad Americanism(?). The smartest people I know never optimized any choices for wealth at all. That’s why they aren’t wealthy. Many chose careers in academia or culture, actively choosing income that might be 1/3 of what they could have made. But they chose i…
> The most successful people are not the most talented, just the luckiest, a new computer model of wealth Don’t use “wealth” and “success” interchangably. It’s a sad Americanism(?). The smartest people I know never optimized any choices for wealth at all. That’s why they aren’t wealthy. Many chose careers in academia or culture, actively choosing income that might be 1/3 of what they could have made. But they chose i…
Thank you. Wealth is a means, not an end. Many don't understand this until it's too late.