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Gabriel comments on Open Thread, January 15-31, 2012 - Less Wrong Discussion

9 Post author: OpenThreadGuy 16 January 2012 12:56AM

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Comment author: Gabriel 16 January 2012 03:51:58PM 7 points [-]

I humbly suggest that perhaps you haven't thought long enough about how easy it might actually be to become ultra-rich if you actually set out with that goal in mind.

Any arguments that legitimately push you towards that conclusion should be easily convertible into actual advice about how to become ultra-rich. I think you're underestimating the difficulty of turning vague good-sounding ideas into effective action.

Comment author: moridinamael 16 January 2012 06:55:42PM 0 points [-]

I think there's plenty of available advice on how to become ultra-rich. Just look at the Business section of any bookstore. The problem is that this advice typically takes you from a 0.001% chance of becoming ultra-rich, through sheer lucky accident or lottery, to a 0.1% chance, through strategy and calculated risks.

I'm not arguing that it's not really hard and really improbable. However, folks tend to assess P(becoming wealthy by any means) ~ P(winning the lottery).

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