Musk is the best possible evidence of this - an incredibly stupid, fragile edgelord born to other peoples' wealth, lucked his way into more on the backs of others' work. Now, everything he touches loses billions.
this post was submitted on 25 Nov 2023
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I read a comment suggesting that you (yes, you!) would probably do a better job managing Twitter.
A cat could be dropped into the job, spend the whole day licking its arsehole, and still do a better job than Musk. All he had to do was shut his dumb mouth and spend his money, but he's incapable of even that.
Not an Elon Fan but saying the richest man is the world was just incredible lucky is a little ridiculous. I am sure luck played a part but I don't think Musk is the Inspector Clouseau of the business world. At least not in the 90s and 2000s.
What changed - or do you still give him some credit?
I had to guess he probably changed. You don't think being super rich changes you?
Yeah I agree, I don't think it's all luck either. But I do paint him in a bad light for not doing well with what he had in his hands. I'll probably never know what kinds of unseen pressure one tends to experience as a billionaire but he's really not doing well, to put it kindly.
It is a meritocracy .... whoever can be the most ruthless, greedy, selfish, egotistical, ignorant, arrogant, immoral, unethical and wicked can more easily become enormously wealthy.
For someone with a bit of ability, knowledge and training, they can easily make thousands fleecing the elderly, poor people, widows, or the mentally challenged. It takes a really ruthless person to do it but it is relatively easy money.
You can also become a drug dealer and buy trade and sell illegal, immoral and life destroying drugs and easily make a lot of money fast.
Someone in a developing country can also start a small business based on slave labor, children or indentured workers paid little or no money.
And that's just the bottom of the barrel. Professionals in first world countries deal with these people to generate wealth for themselves. Then billionaires sit on top making more money on those below them ...... all the wealth if you follow it is based on taking advantage of weaker individuals. The whole system is based on taking advantage of lesser people.
It's a meritocracy ... a meritocracy of immortality, whoever can become the most depraved gets to win the world.
EDIT: .... it's amazing because I just finished watching this the other night
https://youtu.be/-FcRj3HHS7I?si=-7hua35Ad3npmsoo
Basically a con artist that stole money from elderly, physically disabled and mentally challenged people, made millions and now lives the lap of luxury outside the country and no one can do anything about it. The infuriating part of it is, it wasn't just him, there was a whole chain of lawyers, bankers, financial people and professionals that either enabled him, supported him or just allowed him to do what he did because everyone was making money .... off of poor people!
The rich don't magically get rich by being nice to others ... they get rich because they abandoned their morals a long time ago and collect their money from as many poor people as possible, either directly, indirectly, secretly or distantly. And the wealthier they become, the more easily it is for them to do it and get away with it.
The system is built for abuse and moral depravity .... is it any wonder we are destroying ourselves little by little.
I think all the temporarily embarrassed billionaires are downvoting you. In their meritocracy they will be considered the worthy who can take everything, not these imposters like bezos. (bezos is a cunt...)
Seriously. Jeff Bezos got super-rich by literally being bad at his job.
How?
He was VP of a hedge fund, and assigned the project of investigating the potential of online commerce on the nascent Web by the company. He did so, and concluded that there was enormous potential, but after his report, the company decided to pass on it.
Clearly, he was right about the potential. If he'd been better at his job/more persuasive, D.E. Shaw & Co. would have invested in the Web, and he would not have had reason to leave and start Amazon.
That's a pretty stupid conclusion to draw. You have no idea why the hedge fund passed on the investment, and the only reason you conclude it's because Bezos was bad at his job is because you personally don't like him. And more to the point, because you want to get upvoted in this thread.
It's just an amateurish, embarrassing argument. If you want to skewer billionaires there are plenty of legitimate gripes, but it's self-evident that most billionaires are pretty damn good at their jobs, hence the success. Sure they're also lucky and privileged, but there are tons of other people with the same privileges that accomplish nothing.
This meme is just pure brain rot tbh. Do better Lemmy 😤
I don't know who or what hurt you, but I hope tomorrow is better.
Fuck off bootlicker
Ha ha. Clearly the avg lemmy user is inexperienced or business ignorant. The site does lean heavy Marxist, which says plenty of their reasoning skills. I was thinking the same thing as you and you're getting skewered for it. Hedge funds are not looking for a 20+ year ROI, which is what it took Bezos. That's the simplest answer I can think of, but I'm sure there's plenty more reasons they didn't think young Bezos' idea was worth throwing millions at.
I bet D.E. Shaw & Co. Are kicking themselves right now lol.
Failing upwards
I'd say luck will sometimes make you rich, and being good at what you do will sometimes make you rich. Being good at what you do and also lucky has more of a chance of making you rich
It's *usually not entirely luck, you generally have to sort of know what you're doing
Is that Nigel Mansel?
I thought it was Keke Rosberg. The mustache checks.
It's Dale you damn animals