/biz/ - Business & Finance

>>51292322
The truth is most people aren't meant to make it, because they're afraid to take the necessary risks.
I lost everything in the 2013 and 2017 bull runs, but made it back 10 fold in 2021.
Whenever I bring it up I'm told it's just luck, so I've learned not to talk about it (except on biz).

>>51292322
midwits progress society, the fringes exploit it

>>51292432
Because am extremely large majority of the people who make it at least had some element of luck involved
Its impossible to control or even account for all factors involved in making it

Ive seem people get rich out of completely retarded business ideas
Theres people who succeed with an idea or product that thousands of other entrepreneurs offer, and even though competition is stiff they succeed for some arbitrary reason or because they unknowningly had an important connection that others simply did not

And its alright to gamble sometimes, but when youre a poorfag you learn to avoid risks to survive and the stakes are higher. Your 50k startup fails and thats 10 years down the drain.

In many ways its just a diceroll.

>>51292322
People need to fail in order for the current economic structures to exist. If everyone makes it, then nobody makes it. But hey for crypto it’s different right? Wagmi bros.

>>51292565
very long winded way to out yourself as a midwit tbdesu

>>51292322
The universe lays out our path for us yet most aren't smart enough to understand / follow the signs.

>>51292777
Actually the midwits are the people who gambled and won and think theyre somehow better than everyone else because its impossible to accept that many others failed for arbitrary reasons.

The system is made to keep the powerful in power. Hence it is great at letting midwits ascend but hinders actual intelligent folk, you dont want too many of those to gain money (power)

>>51292849
this story you tell yourself is quintessential midwit cope. very few people make it by accident. there is no one, 10, or even a mere 100 dicerolls that a person can get lucky with and make it. it's a lifestyle level skill to prepare for and appropriately manage "luck", bad and good.
if you want to frame it in gambling terms, people who make it by and large have a positive ev life strategy and they grind until variance puts them well in the positive, which is simply not mere luck.

>>51293142
Ironically you're the one coping, you cant accept how unfair the game is.
Put it this way. You pick the optimal strategy to make it. It increases your chances of making it by say 30%
Yet many will fail running the same strategy. Because you cant account for all the factors of a successful business. Simply having a good idea isnt enough. Never mind the fact early competitors can crush yiu if yiure deemed a risk, so you have to slip between the cracks.

Its like poker. Yes you can be good at it. But if you only get to play 3 hands its easy not to walk away as a big winner.

Thays why successfullpeople brag about how they take calculated risks even though theres factors outside of their control that helped them which they didnt account for.

Nevermind that "making it" may be possible, but to be truly rich you already need ti be in an incredible position since birth.

The best predictor is success is wealth. Not iq, not risk taking behaviour, not the amount of frogs you post. That fact alone should tell you enough.

>>51292322
Motivation and drive matters a lot more than IQ does.

Simple as

>>51292565
>In many ways its just a diceroll.
some people never bother to roll the dice

>>51292322
>>51292432
>>51292806
delusion
most of it is entirely controlled by luck
you are all victims of your dna (random) and your environment when growing up (random) and random chance (you guessed it).

>>51292432
what were ur biggest mistakes during the first 2 bull runs?

>>51293651
yes, most people dont, since you can also lose
but its ridiculous that so many come to believe theyre great dice rollers while in reality they rolled high once

The people in the middle never take risk. I would know, I'm the middle person.

>>51293741
Responding to faggots like you on biz

so, what happens if u take too much risk? do u strike gold eventually or plummet into abyss?

>>51292565
There's no such thing as luck. The very concept is a cope.

>>51292322
Survivorship bias

>>51292322
except your low iq friend got kinda lucky. most of low iqs like him end up the worst

>>51292322
You also have to consider verbal, social, and emotional intelligence.
Your idiot friend, and your smart friend, my be high in these areas.
While your midwit friend may be low in these.

Look at successful sales people.
They may be dumb as a box of rocks, but really good at schmoozing clients and manipulating them.

>>51293933
Luck can be seen as the amalgamation of unseen or unanticipated factors that work with or against you. Luck is real, albeit not in some fantasy concept.

>>51294134
That's fair. My dumb friend seems to know he is slow, so he's careful how he talks and keeps things friendly. I think he has been burned a few times and knows to keep the conversations light and amicable, and it seems to work in his favor.
My smart friend is a little socially awkward, but he reads a ton of self improvement books and attends sales seminars, so it's a little forced, but he knows how to engage people the way a sales person would. One time we were shooting the shit at a family cook out and he was invited, he shows up and starts asking people questions like, "on your most memorable vacation, what was the best piece of food you ate" and some how it fucking works...

>>51292777
Checked
Lucky 7s imma make it

>>51292322
there's thinkers, like your friend that went to college, and then there's doers, like your dumb as rock friend. there's plenty of people that aren't particularly bright, but they roll with the punches and get things done. Your friend that went to college probably overanalyzes everything and fails when something unanticipated happens.

>>51293688
very empowering way to look at life anon. but at least it’s not your fault your life sucks

>>51292322
>hustling labor jobs
He's the muscle and you shouldn't envy him, he's got nothing else better.

>>51292322
>>not even handy man services, literally just shit like clearing out peoples basements and attics and hauling their used junk away
DUDE WHAT YOU MEAN YOU CAN PAY PEOPLE TO LIFT HEAVY SHIT AND TAKE IT AWAY TO A DUMP OMFG!
I know you typed what you typed but this above message is all I could think of two sentences into your blog.

>>51295403
pay people, sure, but pay enough to make a business out of it? Also, i didnt realize there were so many lazy fuckers out there who'd literally pay hundreds of dollars to clean out a fucking basement and haul shit away.

>>51292322
>>he some how worked his way up to owning his own business where he hires illegal immigrants and alcoholics to scale his business
Hey! that's not fair it us LEGAL immigrants, we get drunk and high and still come into work.
Fucking judgy much.

>>51292565
>In many ways its just a diceroll
you just wrote 90 paragraphs to say something everyone over 12 and not retarded already knows. brevity is wit, retard

also ever heard the expression 'you cant win if you dont play'?

>>51293360
you sound like a redditor. go back and get a job loser

>>51292777
>very long winded way to out yourself as a midwit tbdesu
Nice, so before you were born you got to pick where and to who you were birthed? No? then why are you balking?
He's right, some are born in wheelchairs and some are born mental, some born healthy some barely underweight.
Why are you assuming all outcomes are uniform? Is it an American trait?

>>51293360
>The best predictor is success is wealth. Not iq, not risk taking behaviour
define 'success'. this is a financial board, so obviously were speaking in those terms. yes, the easiest way to get rich is to....alreay be rich

also iq is one of the most infallible predictors of success across all demographics

>>51292849
>you dont want too many of those to gain money (power)
A rich midwit goes and finds he loser friends to binge with. Only High IQ chads can do anything with Wealth/Power.
How many Bill Gates are there? Now how many guys out there are just getting wasted every weekend?
Come off it, son.
Mid wits are the least concerning rank, literal who NPCs.

>>51292565
I’m with you. So many other anons don’t understand the concepts of survivorship bias or luck being even more of a factor when adjusting for skills. Success & Luck: Good Fortune and The Myth of Meritocracy by Robert H Frank is a great read and socioeconomic analysis of the matter.

But for many anons… “me cleva boi. me made lot muneh on muh crypto. cleva = make it. if ya not cleva then it a cope”

>>51293142
>if you want to frame it in gambling terms, people who make it by and large have a positive ev life strategy and they grind until variance puts them well in the positive, which is simply not mere luck.
Rise and grind men can easily die getting hit with a bus.
No, I understand, Skill is not luck based.

>>51293360
>Thays why successfullpeople brag about how they take calculated risks even though theres factors outside of their control that helped them which they didnt account for.
Like getting hit by a bus, or getting mauled by someone's shitbull, hell getting mugged is pure wrong place, wrong time.

>>51293688
Delusion is way more appealing than reality… As the determinist / Jordan Peterson fanboi crowd here demonstrate

>>51295026
> very empowering
sorry I'm not reddit
reality is more complex than that.

>>51295475
The latter part in your comment leads me to believe you never got it at all

>>51295667
Life is a mix of opportunity, luck, timing

The only thing you can do is SEIZE the opportunity

Unless you truly believe you have no control over your own thoughts ( meds schizo)

>>51292432
Money means fucking and killing, literally and figuratively.
You have to want to take it, you have to be ready to lose it, you have to know when you made it.
Note this is coming from a /pmg/ shiny rock collector, and you will see any other person here on /biz/ say the samething. Be it /gme/, /smg/, or whatever shitcoin generals are on here.
Everyone wants some, you just have to be ready to take it.

>>51292565
When I was worth $9k I bought $5k worth of Bitcoin in 2017. Not all poorfags fear the reaper.

>>51295449
Now you know.
Wait till you see why McDonalds are successful

>>51292645
Bullshit fallacy
Making it doesn’t mean having more than others, it means having more tools than you used to have
Money is only a tool and some people will never use it right

>>51296839
everything youve posted here leads me to believe youre a retarded loser. keep whining though, that should help!

>>51298173
Unable to cope with reality it seems
Seethe harder

>>51293360
This is cope dude. Financial success can be achieved at anytime. If you're smart enough to make that much, the hard part is keeping it and preserving it. Fortunes can be made and lost over night. L2P

>>51292565
Midwit

>>51292432
If at first you fail, double down on it

>>51300284
>the hard part is keeping it and preserving it
how fucking stupid are you to believe this?
ah yes which is why we see so many rich folk fall from the top.
we live in a capitalist system. The number one advantage you can have is capital, and youre saying its easier to somehow not have access to that, and then make it.

>>51300328
nice comeback
got any arguments? was anything said not true?
ah, seems youre the one thats unable to cope then

>>51292322
Your so called dumb fren knows what his weaknesses are and has developed strategies to circumvent them. He also has predrilled questions for events like your dinner party/whatever. That is masking. He might have autism. Anyway he should be admired and has probably learnt more through trial and error than you can fathom.

>>51293688
This is the philosophical seed of socialism right there

>>51301017
prove you are not ONE HUNDREND PRECENT, not a product of a) dna b) upbringing and c) luck

what is it: "god" that does it?

>>51296870
>killing, literally and figuratively
yep. it has to do with the power instinct

>>51292322
Something something poor by 35 something something it's definitely your fault

>>51302521
You are not 100% a product of those three things. You can be genetically blessed in a financially stable home at the right time and still fuck up at life. You are a product of your experience and initiative.

>>51293360
meds, if jack ma can do it anyone can

>>51302779
> you can fuck up
again, (the result to fuck up) is entirely depended on a) dna b) upbringing c) luck

prove one conceivable way that those 3 in unison weren't 100% what did it.

as I implied: "choice" is a delusion normies are scared to not believe in.

>>51302521
>>51304381
>p-prove it
No

>>51292565
Midwit energy

>>51292322
It is true but your very bright relative is going to get fucked with the crashing housing market.

>>51304381
Why don't you kill yourself then? If you do, it's not even your fault. "You" don't even exist.
And god knows you're not going to breed, so your purpose here is done as far as le DNA is concerned.

>>51294134
Everyone on this board should read Millionaire Fastlane. It teaches things that everyone intuitively knows. Basically, the 4 years of college, 40 years of working to save up 401k, retire at 65 is the midwit strategy and is unironically VERY risky. It assumes you will live that long, that you can stay employed that long, and that you won't get btfo'd by the stock market when you retire.

You are better off trying to build Controlled Unlimited Leverage business systems that can scale without your direct work. One example is rental properties (at scale), writing a best seller, some kind of software, or some kind of mass market item. You need to impact millions to make millions.

>>51292322
Your dumb friend wasn't dumb after all.
The fact that he partied all the way in 20s show that he has excellent social skills. Most likely due to having many friends since Elementary school.

This social skill enables him to manage undesirables like illegals and alcoholics/druggies to extract productivity out of them.

Auto loans are very sleazy business and your friend has the confidence to get into it because he now has street smarts as well as people skill.

The only luck your friend had is that his mom was friends with many other moms and their kids all went to the same school. The rest is him putting in hard work to learn how to get along with people.