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[return to "A Theory of Grift"]
1. jeffre+km[view] [source] 2024-01-16 17:36:57
>>moored+(OP)
> There's an ongoing debate over whether or not people skills are undervalued, and perhaps for many people they are, but it's hard to deny that there are many, many more ways for someone who doesn't like social interaction much to get rich. If ads and sales are on the same continuum, then the world's best salespeople are engineers, data scientists, and product managers.

This seems completely wrong to me. If you look at who is the top 0.1% it's either inherited wealth, a few professionals (lawyers, certain medical specialties, etc.) who own their own practices, or people who've managed large groups of people (i.e. business executives). The third group is overwhelmingly full of people with good social skills, and skilled professionals are almost always personable too.

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2. bluGil+KY[view] [source] 2024-01-16 20:16:16
>>jeffre+km
Don't look at the top .1%. Look at the top 5% and you find some very rich people who are "self made". They didn't inherit. Even in the top .1% you find the likes of Bill Gates who started out pretty average (there is a lot of luck in his story or course)
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3. jacobo+611[view] [source] 2024-01-16 20:26:33
>>bluGil+KY
Bill Gates' grandpa was a national bank president, and his father was a wealthy lawyer, president of the state bar association. As a child Gates was deliberately trained by his parents to make everything into a contest. He went to the best private prep school in Washington State, and among high school students worldwide, he ended up with something like top 0.01% access to computers at the time. There's nothing "pretty average" about his story; he was part of the top <1% by wealth, prestige, and support right from the get-go. [Which is not to say that Gates didn't work like hell, including making heaps of unethical choices, to end up as a billionaire.]

> Look at the top 5% and you find some very rich people [...]

The top 5% does not predominately consist of "very rich people". The 95th percentile is "upper middle class", people like relatively ordinary white-collar professionals and successful small-business owners including tradespeople who run their own shops, etc. We're talking about "own a nice house, take vacations, and can afford to retire comfortably" money, not "fleet of servants" money.

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4. ahi+NA3[view] [source] 2024-01-17 14:56:42
>>jacobo+611
10%: $168k

5%: $336k

1%: $819k

0.1%: $3.3m

The income curve is a hockey stick that goes vertical at the far right side and it keeps getting steeper over time. https://www.investopedia.com/personal-finance/how-much-incom...

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