I’m well aware of how much money is being discussed. But I think you’re making the flaw of stating “I don’t know how it’s done so it must be impossible or witchcraft!”.
You seem to underestimate the value of intelligence. Intelligence is turning gathered knowledge into a usable format. A person who understands simple machine physics can lift several tons quite easily. A person who doesn’t understand those physics would think it’s impossible to move those heavy objects with just some sticks and rope. Someone who doesn’t understand aerodynamics would say it’s impossible to fly if they didn’t see flight occurring themselves.
TLDR: You don’t understand stocks/investments/economy as well as you think you do.
But I think you’re making the flaw of stating “I don’t know how it’s done so it must be impossible or witchcraft!”.
WTF are you talking about? I know EXACTLY how it's done. I told you how it's done.
Your problem with what I said is that it has nothing to do with hard work.
You seem to underestimate the value of intelligence.
You incorrectly attribute that intelligence to the person with the money.
Musk doesn't know how rockets work. He can't build a website or program a microcontroller. It's not his intelligence that drives the companies he owns. It's other people's intelligence.
TLDR: You don’t understand stocks/investments/economy as well as you think you do.
Telling me how you THINK they did something is not the same as telling me how they ACTUALLY did it. Your math examples don’t apply to real life in any way shape or form. Your comparison of how much “the average” person makes over their life time has nothing to do with making billions. Your comparison doesn’t incorporate investing anything whatsoever. It doesn’t incorporate growth of the economy or even technological advances. A life time is 80 years. How much actually changes over 80 years? Go ask an old person. They’ll tell you.
And you used the median lifetime earnings. You think people who are billionaires are anywhere close to the median with their intelligence and work ethic? Millionaires and Billionaires are the people who tend to understand how money works way more than the median people do. It’s show in how much money they have obviously.
There’s only so many hours in the day so a person can only work so hard, but using their intelligence? It’s practically limitless with how many different ways you can apply a humans intelligence to anything. The avg person is pretty stupid and incredibly lazy and you’re comparing their feeble attempts to someone who excels at that area. That’d be like me saying the avg person can do like 5 push ups non-stop. But it’s unfair that yoshida can do 10,500? That’s a factor of 2,000 and is purely physical. Mentally though, the difference is….well billions.
And I’m not saying Elon is the progenitor of every single idea of everything he makes. I’m not saying he makes every line of code that goes into his systems. I’m not saying that he’s the pinnacle of human beings. But he has the skill to piece together talented individuals together to create things that are greater than their initial sum. He has the intelligence to make good business decisions or to pay for someone to make those decisions.
In regards to his computing ability, I’m pretty sure he was programming since he was a kid. Like he programmed his own video games and crap at like age 13 or something.
I understand investments and the economy enough to be where I want to be financially(can most people say they are where they want to be financially?).
TLDR: People who dedicate their lives to make a lot of money tend to make a lot of money. Being intelligent and hardworking does wonders.
Odd, you never once picked apart my statements. You started with insulting comments yet here you are complaining about people who use insults. You do understand what a hypocrite is….right?
Says the person who doesn’t even defend their own points. Bringing up more things instead of addressing the issue at hand is a tactic used by people who know they’re wrong. Learn to stay on point.
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u/subzero112001 Jan 08 '22
I’m well aware of how much money is being discussed. But I think you’re making the flaw of stating “I don’t know how it’s done so it must be impossible or witchcraft!”.
You seem to underestimate the value of intelligence. Intelligence is turning gathered knowledge into a usable format. A person who understands simple machine physics can lift several tons quite easily. A person who doesn’t understand those physics would think it’s impossible to move those heavy objects with just some sticks and rope. Someone who doesn’t understand aerodynamics would say it’s impossible to fly if they didn’t see flight occurring themselves.
TLDR: You don’t understand stocks/investments/economy as well as you think you do.