El Arcón at Thu, 7 Mar 2024 10:52:29 UTC No. 16061196

>>16061192
How are you going to use intelligence to get money if the people that already have it are determined not to give it to you? You don't have to be real see smart there to see that you can't, barring larceny, and I'm smart enough to know I not going to succeed in stealing billions of dollars.

Anonymous at Thu, 7 Mar 2024 11:00:03 UTC No. 16061201

>>16061192
I prefer being happy. I'm qualified to slave away at a $200k data science gig. Instead I work for pennies for $50k teaching at a community college

Anonymous at Thu, 7 Mar 2024 11:01:17 UTC No. 16061203

>>16061192
don't get me wrong, simons is very smart, but he also had every reason to be successful. he studied at a top university, finished his phd at 23, worked in government, had connections, etc

Anonymous at Thu, 7 Mar 2024 11:01:56 UTC No. 16061204

>>16061203
he managed all of those things because he was smart

Anonymous at Thu, 7 Mar 2024 11:06:58 UTC No. 16061208

>>16061204
This, he was part of the strain of Jews born with a superhuman IQ.

Anonymous at Thu, 7 Mar 2024 11:21:52 UTC No. 16061214

>>16061192
If making money is about being smart why do they give out nobel prizes to people who aren't billionaires?

Anonymous at Thu, 7 Mar 2024 11:23:23 UTC No. 16061216

>>16061204
It was pretty smart of him to be born into a wealthy family with connections, how do you think he originally came up with that idea?

Anonymous at Thu, 7 Mar 2024 11:32:12 UTC No. 16061222

>>16061192
Does anyone know or can anyone explain to me what exactly he did with math to make that much of a profit, broadly? What really specific areas or techniques did he use or utilize?

Anonymous at Thu, 7 Mar 2024 11:36:46 UTC No. 16061228

Bong Jew vs Nazi who wins

Anonymous at Thu, 7 Mar 2024 11:40:50 UTC No. 16061230

>>16061222
we can only speculate but the recent veritasium videos go over the methods that made people money from past market inefficiencies.

Anonymous at Thu, 7 Mar 2024 11:43:59 UTC No. 16061231

>>16061230
interesting

Anonymous at Thu, 7 Mar 2024 11:46:53 UTC No. 16061232

>>16061216
It's was pretty smart for him using those connection and family wealth in smart way, instead of just spend around. got to love those por that always thinking is "le family connection" that help or something, plenty of rich kid doesn't become a billionaire like Simons, retarded.

Anonymous at Thu, 7 Mar 2024 11:48:47 UTC No. 16061233

>>16061232
Sure and also smart to be born his parent's son since there are no self made female billionaires able to parlay their family connections into significantly more personal wealth.

Anonymous at Thu, 7 Mar 2024 11:50:05 UTC No. 16061235

>>16061204
big brains can't change the dice roll.
uncertainty is inherent to this world, an accomplished genius could end up poor, an idiot can end up rich. intelligence itself is arguably a dice roll (being born with right genes and in right environment).
however most of us end up near the mean, which is good but not exceptional

Anonymous at Thu, 7 Mar 2024 11:50:45 UTC No. 16061236

>>16061233
*from his generation

Anonymous at Thu, 7 Mar 2024 11:54:26 UTC No. 16061241

>>16061233
That's because family wealth is counteracted by their bias against women, chud

Anonymous at Thu, 7 Mar 2024 12:07:34 UTC No. 16061248

>>16061241
Sounds like you are admitting that social cultural circumstances rather than intelligence is the typical predictor of wealth.

Anonymous at Thu, 7 Mar 2024 12:47:44 UTC No. 16061274

>>16061196
every week there's 100+ acquisitions of businesses, usually not for billions, but for multi-millions of dollars
https://www.crunchbase.com/lists/acquisitions-of-the-past-week/f73873b1-093e-40a7-a329-ec4635731873/acquisitions
A lot of them are businesses with a dozen or so employees, but usually there's a few that are SaaS websites and other software developed by one or two people. If you tell yourself you can't do it you won't be able to do it. It's definitely possible to become a multi-millionaire from basically nothing, people do it all the time. People are conditioned to think it's impossible for some reason

Anonymous at Thu, 7 Mar 2024 12:54:22 UTC No. 16061276

>>16061274
Even you seem to think what OP proposed is impossible since you specifically said not billions, but only millions.

Anonymous at Thu, 7 Mar 2024 12:57:58 UTC No. 16061279

>>16061192
Game is rigged for the house to win, and I'm not the house. And if I cheat, the house will take my winnings.

Anonymous at Thu, 7 Mar 2024 15:48:37 UTC No. 16061453

>>16061276
some people's companies that are made by 1 or 2 people are "worth" billions

Anonymous at Thu, 7 Mar 2024 15:50:27 UTC No. 16061455

>>16061192
If I had all the money in the world, I'd in all likelihood be doing precisely what I am doing now. The only difference would be the people would have this false impression I'm better somehow because of fictitious representations surrounding me. Procurement of resource does not equate to advancement of actualization, or progression of capability.

Anonymous at Thu, 7 Mar 2024 18:09:12 UTC No. 16061608

>>16061232
Learn the difference between necessary and sufficient causes before posting again

Anonymous at Thu, 7 Mar 2024 18:13:59 UTC No. 16061613

>>16061232
take the poo to the loo kumar

Anonymous at Thu, 7 Mar 2024 18:48:59 UTC No. 16061643

>>16061274
>>16061276
Company valuation literally just has 2 big factors. One is having some kinda revenue for 3 years in a row (maybe not even that, but the prospect of revenue in the future) and the second one is to assume the highest plausible growth. Then it is just a dividend discount equation. Literally just build your business plan and concept in a way where you can convincingly sell investors the idea of relatively high revenue growth and you're golden. Just plug in some values into a DCF formula and tweak the growth variable and the cash flow. And while you do that, just remember that you just have to make that revenue 1-3 years in a row and people will hear your valuation out, especially if you get a good advisor who has a network of investors. And boom, even a shitty tiny software company that makes like 200k a year in free cash flow can be sold for a couple million

Cult of Passion at Thu, 7 Mar 2024 18:51:27 UTC No. 16061645

>>16061201
You did that for several years, right? Paid off house, cars, etc, then semi-retire.

Anonymous at Thu, 7 Mar 2024 19:21:24 UTC No. 16061684

>>16061276
>usually not
>impossible

Anonymous at Thu, 7 Mar 2024 21:11:44 UTC No. 16061813

>>16061196
Why are there so many faggot name fags on /sci/ now?

Anonymous at Thu, 7 Mar 2024 21:23:34 UTC No. 16061838

>>16061232
did you have a stroke, anon?

Anonymous at Thu, 7 Mar 2024 21:26:03 UTC No. 16061844

>>16061274
anon, you are based. keep spreading the good word.

Anonymous at Fri, 8 Mar 2024 00:37:09 UTC No. 16062092

>>16061192
I'm working on it... ask me again in a few years

Anonymous at Fri, 8 Mar 2024 00:46:38 UTC No. 16062104

>>16061192
I'm smart enough to realize that money can't buy happiness, and devoting my life to intellectual pursuits is more spiritually rewarding

Anonymous at Fri, 8 Mar 2024 00:50:35 UTC No. 16062110

Because I went to college like a fucking idiot