▲ 264 ▼ Tesla warns that a federal probe into whether it exaggerated the range of its cars may lead to a 'material adverse impact on our business' (fortune.com) submitted 2 years ago by Five@slrpnk.net to c/technology@beehaw.org 93 comments fedilink hide all child comments
[–] Anticorp@lemmy.ml 19 points 2 years ago (2 children) He sure is lucky for someone so stupid. permalink fedilink source parent hideshow 4 child comments replies: [–] Zink@programming.dev 17 points 2 years ago (2 children) 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.) permalink fedilink source parent hideshow 4 child comments replies: [–] Anticorp@lemmy.ml 11 points 2 years ago (2 children) So much of it is luck, starting from birth onwards. permalink fedilink source parent hideshow 4 child comments replies: [–] Zink@programming.dev 6 points 2 years ago Yep. I was going to write that maybe somebody like Warren Buffett would stand out as the real deal who is consistent and could do it again. But even if that’s true and he is 100% unique skill, he STILL got very lucky by birth. permalink fedilink source parent [–] agegamon@beehaw.org 3 points 2 years ago He won the birth lottery, as it were permalink fedilink source parent [–] howrar@lemmy.ca 10 points 2 years ago 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. permalink fedilink source parent [–] david@feddit.uk 1 point 2 years ago The world tends to find that having an extraordinarily wealthy parent makes its own luck. permalink fedilink source parent
[–] Zink@programming.dev 17 points 2 years ago (2 children) 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.) permalink fedilink source parent hideshow 4 child comments replies: [–] Anticorp@lemmy.ml 11 points 2 years ago (2 children) So much of it is luck, starting from birth onwards. permalink fedilink source parent hideshow 4 child comments replies: [–] Zink@programming.dev 6 points 2 years ago Yep. I was going to write that maybe somebody like Warren Buffett would stand out as the real deal who is consistent and could do it again. But even if that’s true and he is 100% unique skill, he STILL got very lucky by birth. permalink fedilink source parent [–] agegamon@beehaw.org 3 points 2 years ago He won the birth lottery, as it were permalink fedilink source parent [–] howrar@lemmy.ca 10 points 2 years ago 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. permalink fedilink source parent
[–] Anticorp@lemmy.ml 11 points 2 years ago (2 children) So much of it is luck, starting from birth onwards. permalink fedilink source parent hideshow 4 child comments replies: [–] Zink@programming.dev 6 points 2 years ago Yep. I was going to write that maybe somebody like Warren Buffett would stand out as the real deal who is consistent and could do it again. But even if that’s true and he is 100% unique skill, he STILL got very lucky by birth. permalink fedilink source parent [–] agegamon@beehaw.org 3 points 2 years ago He won the birth lottery, as it were permalink fedilink source parent
[–] Zink@programming.dev 6 points 2 years ago Yep. I was going to write that maybe somebody like Warren Buffett would stand out as the real deal who is consistent and could do it again. But even if that’s true and he is 100% unique skill, he STILL got very lucky by birth. permalink fedilink source parent
[–] agegamon@beehaw.org 3 points 2 years ago He won the birth lottery, as it were permalink fedilink source parent
[–] howrar@lemmy.ca 10 points 2 years ago 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. permalink fedilink source parent
[–] david@feddit.uk 1 point 2 years ago The world tends to find that having an extraordinarily wealthy parent makes its own luck. permalink fedilink source parent