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by bobkazamakis 1324 days ago
ah yes, he famously had no connections before his career, and his parents were poor immigrants with only a few emerald mines.
2 comments

Are you suggesting most wealthy immigrants end up founding a litany of companies?

This is a bit like attributing Wayne Gretzky's success to the fact Walter was a seasoned coach and a huge hockey fan. Obviously it helps having parents to enable your talents, but it's ignorant to pretend that rich parents alone will allow you to rise to the top.

Necessary but not sufficient is a phrase that comes to mind.
Even if we believe his dads stories, he owned less than 1 emerald mine.
And iirc, the overall dollar value of that "less than 1 emerald mine" was barely in mid-high 5 figures. Of course, not adjusted for dollar value at the time, but that adjustment wouldn't balloon it up to 10 times that in 2022 dollars.