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by Nasrudith 1756 days ago
There is also a distinction I have seen ignored - everybody (any individual) vs everybody (all individuals).

Take a group of randomly selected non-rich people 1 to N and assume you have a "dart board" of varied strategies and their return in this iteration. Take the normal distribution over time and the outliers at the right end of the bell curve you will find that some will become rich in the proper flux.

You can't all just throw them at the same spot and get an absurd economic yield. It would in the end regress to both a standard distribution and the mean.

Competition mostly diminishes the returns in a given investment faster. The price differentials close through the generation of profit and fulfillment of demand. You are being paid to be a servant of entropy lowering things to their base state. This isn't a bad thing but one specific plan will not last forever.

Resource scarcity is weirdly peripheral to all of it and how you define rich in absolutes vs relative.