What you're missing is the following insight:
Let's simplify for the moment and assume that all software developers in the world could be ranked in absolute order of skill, and that you had a magical screening process that found the "best" person from any field.
Now, when you get those 200 resumes, and hire the best person from the top 200, does that mean you're hiring the top 0.5%?
"Maybe."
No. You're not. Think about what happens to the other 199 that you didn't hire.
They go look for another job.
That means, in this horribly simplified universe, that the entire world could consist of 1,000,000 programmers, of whom the worst 199 keep applying for every job and never getting them, but the best 999,801 always get jobs as soon as they apply for one. So every time a job is listed the 199 losers apply, as usual, and one guy from the pool of 999,801 applies, and he gets the job, of course, because he's the best, and now, in this contrived example, every employer thinks they're getting the top 0.5% when they're actually getting the top 99.9801%.
Taken from here.
Taking a quote from somewhere else as a reply always risks the possibility that it doesn't quite fit what it is being used as a reply to.
I was pointing out that the described competence level implies that a competent programmer must be in the top 0.5% of the candidates for the job, not the top 0.5% of all programmers in the world. Of course your quote is in reference to the latter, not the former, and is therefore off point. In fact, your quote says that the former is indeed true, but the latter should not be confused with it.
(Furthermore, the original F...
What is something you used to believe, preferably something concrete with direct or implied predictions, that you now know was dead wrong. Was your belief rational given what you knew and could know back then, or was it irrational, and why?
Edit: I feel like some of these are getting a bit glib and political. Please try to explain what false assumptions or biases were underlying your beliefs - be introspective - this is LW after all.