| mrstickball said: What about:
Those are just a few. They didn't hit the gene lotto. In all of their cases, they used hard work and successful business practice to become billionaires. Yes, in some cases people have a good family history and background to get them to great heights (such as Bill Gates, Warren Buffet and such), but its not always the case. This topic is interesting though. When I get the time, I actually have an outline for a book I want to write on the subject - the metrics of fame. Eventually, I'd like to research a lot of celebrities to see if their fame involved pure luck, or if there are solid, objective metrics that define many of them, and how it can apply to the average American. |
Note, I was using EXTREME wealth as the prime focus point. If a person possesses certain skill set, and that skill set doesn't have the right market conditions, will they end up extremely wealthy? Or how much of it is simply a matter of the market breaking a certain way and someone had to get picked. It was just the person who, without fully understanding things happened to be in the right place at the right time. Like, take Mark Cuban as an example:
http://en.wikipedia.org/wiki/Mark_Cuban
Right place at the right time? If Outliers is right, then it is said 10,000 hours or more spent in an area makes you a master. That is like 10 years. When a market situation hits, then someone would have to both put the time in and also was lucky enough to be in the right place there, with sufficient skill. But, without the right market conditions, would they of made it? And how can someone, in putting in 10 years of time, KNOW that the next thing would be such to lead to extreme wealth acqusition?
And then take the luck angle here. If it is mostly luck, then you have the person who takes the most chances most likely to be successful, because they take the risks, and do such in a way they can recover if what they took chances on don't pan out.
