Earlier this year, Reuters reported that Tesla had created a special “diversions team” to avoid dealing with complaints from customers about their vehicle ranges.
I have to wonder if the entire concept of the business savvy billionaire is just a case of survivorship bias. Not for all of them, but a lot.
I mean, if you get the population of the civilized world together and have them start flipping coins, plenty of people are going to get heads 20 times in a row. Or if they’re from a rich family maybe they only have to get 10 heads in a row.
(Used round numbers for illustration. 20 heads in a row is only about 1 in a million, 10 heads is one in a thousand.)
It’s more like, it costs a lot of money to get a chance to flip those coins in the first place, so someone who’s already rich to begin with will get many more tries.
For a “genius”, he sure is slow on the uptake.
He sure is lucky for someone so stupid.
I have to wonder if the entire concept of the business savvy billionaire is just a case of survivorship bias. Not for all of them, but a lot.
I mean, if you get the population of the civilized world together and have them start flipping coins, plenty of people are going to get heads 20 times in a row. Or if they’re from a rich family maybe they only have to get 10 heads in a row.
(Used round numbers for illustration. 20 heads in a row is only about 1 in a million, 10 heads is one in a thousand.)
It’s more like, it costs a lot of money to get a chance to flip those coins in the first place, so someone who’s already rich to begin with will get many more tries.
So much of it is luck, starting from birth onwards.
He won the birth lottery, as it were
The world tends to find that having an extraordinarily wealthy parent makes its own luck.