MIT Tech Review reports on a new study which used computer model to analyze wealth distribution in society. It concludes that the majority of riches do not result from talent, intelligence or hard work - but luck. Those who succeed most in modern society are born well and experience several 'lucky events' which they exploit, but are of mediocre talent. The study's abstract states that the model has potential for encouraging investment in the genuinely gifted, and summarizes:
"...if it is true that some degree of talent is necessary to be successful in life, almost never the most talented people reach the highest peaks of success, being overtaken by mediocre but sensibly luckier individuals. As to our knowledge, this counterintuitive result - although implicitly suggested between the lines in a vast literature - is quantified here for the first time."
(Score: 0) by Anonymous Coward on Sunday March 04 2018, @02:38AM (1 child)
Only two and a half years? Wow, you really are poor.
Though I suppose having any savings at all counts as wealthy in the US these days?
(Score: 3, Touché) by The Mighty Buzzard on Sunday March 04 2018, @02:51AM
Never said I was out of savings. I just started earning again because I found something that interested me.
Not being in massive debt counts as astounding, fantastic, amazing, incredible financial wisdom in the US these days.
My rights don't end where your fear begins.