This other comment reflects the same understanding in different words: https://news.ycombinator.com/item?id=49277355
So we're comparing poor people to even poorer people?
I have never had an "economically diverse" group of friends. I grew up even more broke than the groups being compared. My friends were mostly lowlifes back then. I still don't know anybody filthy rich right now. I work from home in the suburbs making 6 figures and so do all my new friends.
I'm not saying there isn't some nepotism in high places, but if we're just talking about the middle class... I mean what do you want me to say other than "stay in school"?
Tell them about the things you're working on and your business ideas, and praise every observation they make. Praise those observations so extensively that you abandon talking about your project entirely, and just talk about the implications of their astute observation. At the end, express gratitude for the universe giving you the opportunity to meet someone so much on the same page as you as they are. Ask them "why can't other people see it?" Try to develop a private joke from the conversations. Tell them about the difficulties your mother is going through.
Repeat until wealthy.
My favorite recent example is Carlos Watson. Got pulled up the greasy pole by Steve Jobs' wife, and after he slipped and fell into prison, got out through Trump circle ass-kissing. Even though I suspect owner of The Atlantic paid that bill, too, no matter the keyfabe.
Over a period of time, when the right person thinks you are useful/attractive/interesting, you get more opportunity/promotion.
This happens to explain the networking effect implied by the post (and related analyses).
If you care about epistemic accuracy more than tribal politics, you'll quickly find yourself in the outgroup.
Logical from a 'within the game' perspective, but those who believe that humans are legitimately trying to transcend their irrational nature will be very disappointed.
The sweet spot for me was somewhere in the middle, taking on more of an organizer role with civic meetups and that kind of thing. I still got to do some of the hands-on stuff by teaching the rotating cast of volunteers, but formed closer relationships with other organizers.
Out of the gate, hard work improves success rates, but not the count of opportunities.
Connections improve opportunities, it doesn't do shit for success-rate.
Luck does for both sides of the mix.
As a startup founder in my 40s, the entire VP/SVP level in silicon valley is people one or two hops away for an intro, though admittedly a lot of the first hop there is through the other founders.
The original paper about importance of weak ties is under appreciated, because people you work with tend to go on to better & bigger things - especially in the beginning of your career, if you are a nice person.
Veritasium put out a very nice video[1] about knowing which sort of game we're playing. It is a power law game.
There are only two takeaways I had, "show up" and "get lucky". There is no winning without showing up.
This is not something to be celebrated - the one good thing about capitalism and open competition generally is that you can challenge this.
I don't see how capitalism help this at all, in fact it seems to make it much worse.
Also, define "success". Even if it's just about being exceptional in economic terms, AIUI a bog-standard swdev salary is enough to be in the top 10% with no favoritism needed. And if it's about being able to retire and have grandkids come visit sometimes, I think that might be more common than not.
> Children who grow up with high economic connectedness earn 20 percent more as adults on average than otherwise similar children who do not, a gap equal to growing up in a family making 47,000 dollars a year instead of 27,000.
ie: knowing wealthier people has as much impact on your income as growing up in a family making $47k/year instead of $27k/year
And note, this can be done without being sleazy. Try to be interested in other people, try to make random friends. That will "pay off" -- both in richness of life and in just money -- more than just about anything.
(One of my personal corollaries here is "go until they stop you." This works for nightclubs, conferences, etc. etc. And even if you are stopped, hit them with a HUGE mea culpa, and back away. Which will be rarer than you expect.)
(and one more. The other thing I do in every class: Each and every one of you knows something about something WAY MORE AND BETTER than literally everyone else in this room. No promises, but that might be your good avenue.)
Let's not let some billionaires who enjoyed friends with benefits skew the results of millions of successful people.
(Hard work doesn’t hurt, either, but that goes without saying.)
It also glosses over the fact that who you know is often a result of some combination of hard work and luck.
and just like in business, a lot of opportunities and outcomes are depended on being in the right place right time & knowing the right person.
hard work tips the balance a little bit. not much
moralestapia•1h ago
There's maybe like one exception to this rule every century.