Looking into how this asshole aquired his wealth, I palpably understand the phrase “too big to fail”. With some initial mom&dad money, he’s been failing since day zero yet getting continuously richer. One could say that failing (+windfall) is his business model.
I’m reminded of a comment I saw on Reddit which I saved a while back. Can’t remember who posted it, but I often think about it:
Entrepreneurship is like one of those carnival games where you throw darts or something.
Middle class kids can afford one throw. Most miss. A few hit the target and get a small prize. A very few hit the center bullseye and get a bigger prize. Rags to riches! The American Dream lives on.
Rich kids can afford many throws. If they want to, they can try over and over and over again until they hit something and feel good about themselves. Some keep going until they hit the center bullseye, then they give speeches or write blog posts about “meritocracy” and the salutary effects of hard work.
Poor kids aren’t visiting the carnival. They’re the ones working it.
Two Million dollars down the drain, only 400 Billion to go. Go team go!
Looking into how this asshole aquired his wealth, I palpably understand the phrase “too big to fail”. With some initial mom&dad money, he’s been failing since day zero yet getting continuously richer. One could say that failing (+windfall) is his business model.
Failing upwards. An aspect of the Peter Principle.
https://en.wiktionary.org/wiki/fail_upwards
https://en.wikipedia.org/wiki/Peter_principle
I’m reminded of a comment I saw on Reddit which I saved a while back. Can’t remember who posted it, but I often think about it:
Edit: Looks like it was originally a Hacker News comment reposted on Reddit
Tesla is doing a great job at depleting his net worth
To be fair, it had some help from Tesla.