There’s a survivorship bias at work too. Getting rich requires taking big risks. Smart people will know that odds of success are very low, so likely not worth the payoff. Stupid people are more likely to go for it, the vast majority will fail, but we only really see the successes.
Isn’t that what I meant? Smart people are less likely to play the lottery because it probably won’t provide a return. Buying regular lottery tickets hoping you’ll eventually win is high risk.
There’s a survivorship bias at work too. Getting rich requires taking big risks. Smart people will know that odds of success are very low, so likely not worth the payoff. Stupid people are more likely to go for it, the vast majority will fail, but we only really see the successes.
The fuck it involve risk. Getting truly rich, like being a owner class and living from earnings, takes as much skill and luck as winning the lottery.
Isn’t that what I meant? Smart people are less likely to play the lottery because it probably won’t provide a return. Buying regular lottery tickets hoping you’ll eventually win is high risk.
They didn’t take a risk to get rich, most were just born rich. I think that’s what they meant by “got lucky.”
Yeah makes sense. I meant “get rich” more in the rags to riches sense, but could have been clearer.