Re:Jack Ma fell to earth and took Ant's mega IPO with him
by Pungsnigel on Friday November 06, 2020 @04:01AM
(#25006167)
I'd say normally it requires both, or extreme levels of either. Not sure normal rules apply under CCP though.
Re:Jack Ma fell to earth and took Ant's mega IPO with him
by cambalache on Friday November 06, 2020 @04:17AM
(#25006258)
Not necessarily.You need to be smart, but not in the sense HN thinks.A charismatic, charming person can become quite wealthy if luck and connections help and still be very dumb by conventional standards. People like Kim Kardashian.
Re:Jack Ma fell to earth and took Ant's mega IPO with him
by dlkf on Friday November 06, 2020 @04:04AM
(#25006183)
I'll raise you to extreme levels of both.
Re:Jack Ma fell to earth and took Ant's mega IPO with him
by manigandham on Friday November 06, 2020 @04:00AM
(#25006162)
That may be the case for millionaires in the right place at the right time but not for the self-made billionaires.
Re:Jack Ma fell to earth and took Ant's mega IPO with him
by WanderPanda on Friday November 06, 2020 @04:44AM
(#25006401)
I would still argue net worth is a unbiased (if you discount for corruption) proxy for ability (in the sense of ability to create wealth = products and services that people demand). It is extremely high variance though
Making money is far more about luck than skill. Always has been. Net worth is not a proxy for ability.
[edit] Don't get me wrong I'm not saying billionaires are idiots. I'm just saying that having a fat stack is not in and of itself a proxy for aptitude. Judge that on the person instead. Just judging them on their bank balance is an unnecessary appeal to authority that hasn't historically held.