| ▲ | visarga 3 hours ago | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
> In their minds, financial success is the ultimate yardstick. In a loopy recursive way, it is. Cost gates what we can do and become. Paying back your costs to extend your runway is the working principle behind biology, economy and technology. I am not saying rich people are always right, just that cost is not so irrelevant to everything else. I personally think cost satisfaction explains multiple levels, from biology up. Related to introspection - it certainly has a cost for doing it, and a cost for not doing it. Going happy go lucky is not necessarily optimal, experience was expensive to gain, not using it at all is a big loss. Being paralyzed by rumination is also not optimal, we have to act in time, we can't delay and if we do, it comes out differently. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▲ | rybosworld 15 minutes ago | parent | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
> In a loopy recursive way, it is. The primary issue with this is that there is a significant amount of luck involved in acquiring large sums of wealth. It's hard to get firm numbers around this, but it's estimated around 30-40% of the wealthiest people in the world, derive their wealth almost entirely from inheritance. It's actually very difficult to measure this accurately because a lot of studies will report people as "self-made" even if they started with a small $10 million loan from their parents. Wealth also follows power laws such that it's significantly easier to acquire more of it once you pass certain thresholds. Take Mark Cuban - made billions selling some crappy radio service to Yahoo!. Has done effectively nothing since then except for re-investing the proceeds from the buyout. He's technically self-made but it's hard to argue he was anything other than lucky. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▲ | mayneack 3 hours ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
That may or may not be true in aggregate, but for extreme outliers it's impossible to separate from survivorship bias. Are Musk and Andreeson really the most skilled entrepreneurs in the world or are they just good enough for luck to propel them to stratospheric success? | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▲ | horsawlarway 3 hours ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sure, but this argument doesn't actually invalidate the parent at all. To go back to your biology point: Figures like Andreessen or Musk (or, at least in my opinion most billoniares) can be directly compared to cancer. They are EXCELLENT at extracting value from the environment they're in. If you limit your moral judgement to just that... then you clearly think cancer is wonderful, since it does the same thing! Cancer is a group of cells that chemically signal the body to provide resources and spread themselves without restraint, avoiding internal systems that would regulate it via things like apoptosis or other signaling. If you judge a cell by how many resources it can accumulate... Cancer is wildly successful. But the problem is that extraction without introspection, success with insight, moving without care... eventually actors like this destroy the system they operate within. Ex - Andreessen should perhaps spend some introspection on the fact that ultimately "dollar bills" are literal cloth (or more likely... digital numbers) that he can't eat, won't shelter him, and can't emotionally satisfy him. They strictly have value because of the system he operates within that allows exchange, and if he acts without care of that system... he might destroy it. Or it might destroy him. --- So directly to your point: There is clearly a need for more introspection than "zero". And suggesting otherwise is unbelievably conceited. It is cancerous, and should be treated as such. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▲ | asdff 3 hours ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
>Cost gates what we can do and become. Paying back your costs to extend your runway You don't even need an amazing job to do that though | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▲ | a123b456c 3 hours ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Oh come on. So you're rooting for the evil genius in the comic book movie? You would harm millions of people to move up the financial success yardstick? I don't think many people would agree with such positions. I do think that people who have succeeded financially might adopt that ethos as an ex post rationalization. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▲ | push-pull-fork 2 hours ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
If you were to make a list of the most important people in history how different would it be from the list of the richest people in history? How many different occupations do you think you would find on the important list. Would it have scientists, mathematicians, doctors, engineers, world leaders, activists, religious figures, teachers? How many occupations do you think would be on the richest list? Do you think it is fair to judge the success of Martin Luther King Jr or Albert Einstein based on the amount of money they made? | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▲ | Teever 3 hours ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
No. it certainly isn't. I'm damn near broke right now but it would be obvious to you if you spent ten minutes with me that I'm healthier both mentally and physically than either of those two and I can walk down any street with relative impunity and talk with any stranger I meet without concern that they'd recognize me and have beef with me over some stupid shit I did online. I know that when I interact with people it's because they want to interact with me and not my money. It's true that the cage they live in is gilded but it's still a cage. Sometimes I stumble across wikipedia biography pages a person like a mumblerapper who had a meteoric rise in fame and wealth only to die in a puddle of puke from a Xanax overdose at like 25. It's sad and everything but when I read it I just think "Man, what a fucking idiot..." Like sure this dude probably had a great few years conspicuously consuming a bunch of shit and showing off a bunch of money with some floozies hanging off his arm but where is he now? Dead and cold in a hole in the ground. And he died a pretty pathetic death to boot. I don't know about Andressen but I'm pretty sure I'll outlive Musk. As risk adverse as he is for his physical safety he'll end up doing something downright stupid that ends in his untimely death. With Andressen there's a growing possiblity that enough people wise up to his destructive impact on society and a movement where people who are still physically capable but with inoperable brain cancer or something start taking out people like Andressen. Slow and steady wins the race. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▲ | etchalon 3 hours ago | parent | prev [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
OK, but ... imagine Andreessen said, "I don't eat food." No one would think that was a reasonable position. No one would argue, "Well, food DOES have draw backs. What if you eat too much of it!" We all inherently understand that you have to eat food, and while being careful not to eat too much. We would understand that if anyone said, "Look at all these successful people who also didn't eat food!" that they were talking absolute shite. No one would treat the statement "I don't eat food" as anything other than deeply fucking weird. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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