tag:blogger.com,1999:blog-6297413898275266606.post6742265531168100637..comments2024-03-27T18:15:59.096+08:00Comments on Economics Malaysia: Inequality: The Important Role of Family and Inheritancehishamhhttp://www.blogger.com/profile/06265308095732759923noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6297413898275266606.post-63642360314147160712015-08-10T10:18:01.734+08:002015-08-10T10:18:01.734+08:00it will also be best if you notice that 'self-...it will also be best if you notice that 'self-made' is far from 'did not start off rich'. i'm uncertain about their biographies, but im quite sure the gates and the bezos are hugely wealthy families even before bill and jeff popped in. <br /><br />which is what the whole article was about. <br /><br />after all, you can have all the natural traits and talents as bill gates, Wan Zainuddinhttps://www.blogger.com/profile/16367332889750809644noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-56827268024922072012015-08-09T09:24:59.400+08:002015-08-09T09:24:59.400+08:00@anon
You've totally missed the point.
I don...@anon<br /><br />You've totally missed the point.<br /><br />I don't want to give a lecture on statistical inference, so I'll try to keep this as simple as possible.<br /><br />1 .The US has a population close to 320 million. Taking a sample of 10 (no matter where they are in the income distribution) will not tell you what characteristics matter for success, because the sample is hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-91566163503868080662015-08-08T12:48:40.011+08:002015-08-08T12:48:40.011+08:00Well, yes.
Are you disputing the fact that 9 out ...Well, yes.<br /><br />Are you disputing the fact that 9 out of the top 10 tech billionaires are "self made"? Or that they have somehow benefitted from "luck", inherited riches or an uneven playing field?<br /><br />Are you saying that, in the tech world at least, there is no such thing as "meritocracy" or that "fortune favours the brave"?<br /><br />Ask Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-74774053650010511062015-08-07T17:18:37.652+08:002015-08-07T17:18:37.652+08:00@anon
You're saying, in effect, that 10 data ...@anon<br /><br />You're saying, in effect, that 10 data points can be generalised into a rule that describes the whole of society, and therefore should be the basis of social organisation.<br /><br />You might want to read this first, especially the <a href="http://econsmalaysia.blogspot.com/2014/07/even-billionaires-are-complaining-about.html" rel="nofollow">second full article linked to</ahishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-9829281781947774132015-08-07T15:21:25.707+08:002015-08-07T15:21:25.707+08:00Interesting.
Now take a look at Forbes' list ...Interesting.<br /><br />Now take a look at Forbes' list of tech billionaires.<br /><br />The top 10:<br /><br />1. Bill Gates (US$79.6 billion)<br />2. Larry Ellison (US$50 billion)<br />3. Jeff Bezos (US$47.8 billion)<br />4. Mark Zuckerberg (US$41.2 billion)<br />5. Larry Page (US$33.4 billion)<br />6. Sergey Brin (US$32.8 billion)<br />7. Jack Ma (US23.2 billion)<br />8. Steve Ballmer (US$Anonymousnoreply@blogger.com