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Why You Shouldn't Imitate Bill Gates If You Want To Be Rich (bbc.com)

dryriver writes: BBC Capital has an article that debunks the idea of "simply doing what highly successful people have done to get rich," because many of those "outliers" got rich under special circumstances that are not possible to replicate. An excerpt: "Even if you could imitate everything Gates did, you would not be able to replicate his initial good fortune. For example, Gates's upper-class background and private education enabled him to gain extra programming experience when less than 0.01% of his generation then had access to computers. His mother's social connection with IBM's chairman enabled him to gain a contract from the then-leading PC company that was crucial for establishing his software empire. This is important because most customers who used IBM computers were forced to learn how to use Microsoft's software that came along with it. This created an inertia in Microsoft's favor. The next software these customers chose was more likely to be Microsoft's, not because their software was necessarily the best, but because most people were too busy to learn how to use anything else. Microsoft's success and marketshare may differ from the rest by several orders of magnitude but the difference was really enabled by Gate's early fortune, reinforced by a strong success-breeds-success dynamic."

311 comments

  1. Very simply expressed in xkcd.. by Junta · · Score: 5, Funny
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    1. Re:Very simply expressed in xkcd.. by Anonymous Coward · · Score: 1

      I don't think this is really applicable to the article. It's actually cherry picking to support "privilege" propaganda. How does their same logic apply to Andrew Carnegie or Sam Walton?

    2. Re:Very simply expressed in xkcd.. by computational+super · · Score: 1

      cherry picking to support "privilege" propaganda

      Even the summary, actually. We're told the Bill Gates got a lucky break when his mother had contacts with IBM. But then, how did IBM establish such market share that their momentum carried along everybody that was caught up in it? Maybe if you want to be rich, don't emulate Bill Gates, but do emulate Thomas Watson.

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    3. Re:Very simply expressed in xkcd.. by Anonymous Coward · · Score: 0

      exactly this.

    4. Re:Very simply expressed in xkcd.. by MightyYar · · Score: 2

      Yes, the article is also cherry-picking. But that doesn't mean studying only the successful business people isn't a great example of survivorship bias. Notice that you picked Andrew Carnegie and Sam Walton instead of Andrew Carnegie's neighbor and Sam Walton's classmate.

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    5. Re:Very simply expressed in xkcd.. by Anonymous Coward · · Score: 0

      That was the point of using those examples.

    6. Re:Very simply expressed in xkcd.. by Anonymous Coward · · Score: 0

      I think the key to getting rich is being sensible with resources (resources is everything you have access to, including money, connections, and other people's hard work, etc.).

      Step 1: be personally sensible to opportunities around you.
      Step 2: take advantage of said opportunities.
      Step 2a: this often involves hiring others to do stuff for you. using money to back your ideas. many endeavors fail right here.
      Step 2b: when stuff doesn't work; employees are idiots, etc., persist. borrow, etc., but keep going until the very end.
      Step 3: you're either successful (and many people hate you for it, ``you store their idea!'', ``you copied their product!'', etc.), or you're bankrupt (and nobody knows you).

    7. Re:Very simply expressed in xkcd.. by 93+Escort+Wagon · · Score: 5, Insightful

      Gates DID get a lucky break - there's no question about it. However that "break" was to be born into a well-off and well-connected family.

      And, honestly... if you can pull that off, it's almost certainly the best way to "become" rich yourself.

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    8. Re:Very simply expressed in xkcd.. by msauve · · Score: 1, Informative

      "We're told the Bill Gates got a lucky break when his mother had contacts with IBM. "

      Which really isn't the case. Rather, IBM went to Gary Kildall and Digital Research, which had the CP/M operating system, to see if they'd rewrite it for the forthcoming IBM PC. Kildall wasn't around when IBM showed up, so IBM went to Microsoft, who they were already dealing with for languages like BASIC.

      That's the short. Here's a more complete story.

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    9. Re:Very simply expressed in xkcd.. by Archtech · · Score: 3, Insightful

      Gates DID get a lucky break - there's no question about it. However that "break" was to be born into a well-off and well-connected family.

      That's not the half of it. He also had the "good fortune" to pick a mother who could persuade the chairman of IBM to cut her son a ridiculously favourable deal.

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    10. Re:Very simply expressed in xkcd.. by MightyYar · · Score: 1

      Right, I'm pointing that you used two "survivors" as counter-examples to survivorship bias. To attack this scientifically, you would need to analyze an entire population of people and examine both their qualities and circumstances. You can't criticize someone's anecdotal argument as anecdotal, then counter with another anecdote.

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    11. Re:Very simply expressed in xkcd.. by cheesybagel · · Score: 5, Insightful

      Microsoft didn't have an operating system. They had to get it from someone else. IBM basically went to talk with Microsoft because Gates' mother, who used to be a bank manager, did benefit work on weekends with people connected with IBM's management. And Bill Gates' father, one of top lawyers in the area, helped craft their (highly favorable) contract with IBM.

    12. Re:Very simply expressed in xkcd.. by Anonymous Coward · · Score: 0

      He also had the "good fortune" to pick a mother who could persuade the chairman of IBM to cut her son a ridiculously favourable deal.

      Evidence?

    13. Re:Very simply expressed in xkcd.. by Anonymous Coward · · Score: 0

      IBM basically went to talk with Microsoft because Gates' mother, who used to be a bank manager, did benefit work on weekends with people connected with IBM's management

      Jack Sams tells it differently

    14. Re: Very simply expressed in xkcd.. by Anonymous Coward · · Score: 0

      This perfectly explains why the first computer I chose to purchase had Windows 95 installed on it, and why I chose to stick with Windows all the until Windows 7, and also why I am now migrating completely away from Windows. It is childish and silly to think consumer purchase decisions are somehow guided by some individual's "connection".

    15. Re:Very simply expressed in xkcd.. by Attila+Dimedici · · Score: 1

      Actually, the only thing that was important was that the chairman of IBM personally KNEW Bill Gates' mother. That was the reason IBM was willing to give the contract to Bill Gates. The reason IBM was willing to give out such a favorable contract was multitude, but the one that speaks to Bill Gates' lick is the fact that they were under investigation by the Justice Department for anti-competitive monopoly practices, the same Justice Department which had recently broken up AT&T.

      --
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    16. Re:Very simply expressed in xkcd.. by Anonymous Coward · · Score: 0

      Actually, the only thing that was important was that the chairman of IBM personally KNEW Bill Gates' mother. That was the reason IBM was willing to give the contract to Bill Gates.

      Still trying to figure out where this myth originated. Yes, Mary Gates served on the United Way board with IBM's John Opel, but I have yet to ser any documented evidence that they ever discussed the PC let alone made any kind of deal.

      The fact that they knew each other is suggestive, but it's hardly the smoking gun everyone seems to think it is.

    17. Re:Very simply expressed in xkcd.. by msauve · · Score: 2

      Nope. IBM was already talking to MS because MS already had market dominance for BASIC (Apple, Commodore, and Radio Shack all used MS BASIC) and had other languages available which IBM wanted to be able to offer. Personal contacts had nothing to do with it.

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      "National Security is the chief cause of national insecurity." - Celine's First Law
    18. Re:Very simply expressed in xkcd.. by Anne+Thwacks · · Score: 2
      As someone who was 4,000 miles away at the time, I could smell the stink from here.

      The IBM team wanted CPM, but Garry Kidall was flying in his private plane when the IBM people called at his office. He simply did not believe his luck and assumed it was a hoax. The IBM guys went/phoned home "no deal here" Mrs Gates must have been present when the call came in and said "My son has an OS you could use" - not knowing the difference between a Basic interpreter and an OS. why else would the IBM guys have gone and asked a school kid if they could buy his OS? when he did not even have one?

      I worked for a company that had a perfectly good OS at the time. Could we sell it? Hell no. Intel had an OS - would they sell it? hell no! Were there other alternatives known to work? probably (see DECUS).

      Without any research or due diligence at all, IBM, known for their lawyers, signed a contract that shafted IBM as much as it shafted the rest of the industry.

      That is what sinks.

      (And we all believe the executives sold their shares "by accident" after the data leaked, and before the news was published? What part of gullible to you not understand?)

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    19. Re:Very simply expressed in xkcd.. by Anonymous Coward · · Score: 0

      Why else would the IBM guys have gone and asked a school kid if they could buy his OS? when he did not even have one?

      Because they knew MS sold a CP/M card and thought they could license CP/M to IBM.

      Watch "Triumph of the Nerds," and learn the history as told by the people who were there.

    20. Re:Very simply expressed in xkcd.. by mikael · · Score: 1

      The most important things are keeping control of overheads, especially office leases, operating in stealth mode, and avoiding FGB (Fat Grinning Bastards).

      I've worked for and heard about several startups that were successful and failed. One guy set up his own website from home (Carphone warehouse). Being a businessman with a company car he realized the most important thing was being able to buy accessories for his car right when he needed, and not just when he was at a gas station). That was a winner. By the time anyone else saw that he was making millions (Amazon), he had made his fortune.

      Some people borrowed money from banks with their home as security for the loan. When their business took a downturn, the bank called in the loan and took their house. That's a lose. Other set up startup companies using university incubators. Their business model was to compete for research grants. The first one that they won, the university jacked up their property lease and the company folded. That's a lose. Even having a newspaper article can tip off the property owner and cause them to raise the property lease, causing the company to have a forced relocation and then lose staff, then implode. That's a lose.

      One company bought their own plot of land, got special favors from the council in exchange for helping regenerate the local area by keeping staff salaries down and forcing them to live locally. The company grew, but the tension between staff wanting to move to upmarket areas of the city with good schools, and the deal with the council eventually caused an implosion, leading to the company being sold off. That was a winner.

      I knew one guy who set up a small summer job startup by printing OCR forms for his parents business and selling them. Worked perfectly, until he started receiving forms that did process correctly. The hazard was FGB who he knew and liked to make things awkward. The guy had made his own forms but slightly different because the text was outside the scanning boxes. But there wasn't anything he could do.

      Some postgrads set up their own company based on their research and patents. Worked perfectly until their university asked if they had any project work needed researching. So they gave some ideas, only to find out that the student then patented his work on their ideas, which then restricted their profit margins. That's a lose.

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    21. Re:Very simply expressed in xkcd.. by nukenerd · · Score: 1

      Actually, the only thing that was important was that the chairman of IBM personally KNEW Bill Gates' mother. That was the reason IBM was willing to give the contract to Bill Gates.

      Still trying to figure out where this myth originated. Yes, Mary Gates served on the United Way board with IBM's John Opel, but I have yet to ser any documented evidence that they ever discussed the PC let alone made any kind of deal.

      You want evidence that Mary Gates and John Opel discussed the PC? That is not the sort of thing that gets written down as evidence, and "making a deal" is not the way it works. This sort of thing gets discussed at coffee or lunch, and it is would not be direct discussion - just background stuff, putting Bill Gates junior into Opel's mind as some kind of boy-god. And there would have been no deal that said like : "I John Opel do solemnly promise to give your schoolboy son a massive contract with IBM if and when he grows up."

      The deal was IBM giving Microsoft the contract, as they did.

    22. Re:Very simply expressed in xkcd.. by Major+Blud · · Score: 1

      Everyone seems to want to glance over this, because it's much easier to simply bash Bill Gates.

      Things also would have turned out much differently had Gary Kildall been a little bit more forward thinking.
      https://en.wikipedia.org/wiki/...

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    23. Re:Very simply expressed in xkcd.. by Anonymous Coward · · Score: 0

      What horseshit. I'm not interested in your speculation, I'm interested in facts. It is a documented FACT that when IBM went to MS for an operating system, Gates sent them to Gary Kildall. Why on earth would he do that if it went down the way you posit?

      You're suggesting that Bill Gates had the means, the motive, and the opportunity and handed the gun to a rival instead of pulling the trigger.

      Nott to mention IBM required hefty non-disclosure agreements to even discuss the PC project with anyone (which is why Kildall lost out - his wife's lawyer advised her not to sign without Gary's consent).

      If you can find such an agreement with Mary Gates's signature on it, I'd be very surprised.

    24. Re: Very simply expressed in xkcd.. by Anonymous Coward · · Score: 0

      Apple did not use MS BASIC. It used AppleBasic. And I bet your other examples are wrong, too. I'm just too lazy to look them up.

    25. Re:Very simply expressed in xkcd.. by Anonymous Coward · · Score: 0

      Ballmer told us that Gates' father negotiated for the company and was very tall so as to intimidate others..

      Gates was the son of an attorney. That was Microsoft's advantage..

      unfortunately it's an insider's game.. children of successful parents are usually also successful in the same field.

      The children of doctors are commonly doctors
      the children of phd's are phd's
      the children of professional athletes are professional athletes (Steph Curry and Klay Thompson, Warriors)
      the children of high office politicians are high office politicians
      the children of successful actors are successful actors..

    26. Re: Very simply expressed in xkcd.. by Anonymous Coward · · Score: 0

      Lol! Ignorant fuck.

    27. Re: Very simply expressed in xkcd.. by msauve · · Score: 1

      "Apple did not use MS BASIC. It used AppleBasic."

      No such thing as "AppleBasic."

      The original 1977 Apple ][ had Apple Integer BASIC in ROM. Apple also offered Applesoft BASIC on tape, which was a customized Microsoft BASIC, just like the Commodore PET and Radio Shack TRS-80 used their own customized versions. The tape version could be loaded into RAM. Later, they came out with a ROM board containing Applesoft and in 1978 came out with the Apple ][+, which came standard with Applesoft BASIC in ROM. The Apple ][+ quickly became the big seller, and the Apple ][ went away.

      --
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    28. Re:Very simply expressed in xkcd.. by Anonymous Coward · · Score: 0

      Personal contacts had nothing to do with it.

      This is exactly the sort of thinking that the linked article is trying to warn against.

      When we look at successful people, we tend to look for their "magic bullet" - what's the thing that they did that allowed them to be successful. That thinking's a trap, because there isn't a *single* thing that they did. Their success is predicated on a whole bunch of factors, some in their control, some out of their control, and some just downright random.

      Yes, if MS didn't have a strong BASIC presence, IBM probably wouldn't have given some pimply-faced son of a someone they knew the time of day. But on the other hand, if Gates didn't have a personal connection to the people making decisions at IBM, he might not have gotten his foot in the door, and IBM might have gone to someone else.

      Trying to pick a single factor and say "no, that's what was important" is as silly as trying to pick which wheels on a car are the most important ones. ("Well, if you were to remove the rear tires, the car would be dragging along the ground." "Baloney. The steering wheel is connected to the front wheels, so obviously they're the more important ones!" "You're both idiots - motorcycles clearly go with two wheels one in front of each other, and here's a Youtube video of someone driving a car perched up on the two right wheels, so they're going to be the most important ones!")

    29. Re:Very simply expressed in xkcd.. by Anonymous Coward · · Score: 0

      But on the other hand, if Gates didn't have a personal connection to the people making decisions at IBM, he might not have gotten his foot in the door, and IBM might have gone to someone else.

      Well, you'd have to ask Don Estridge about that, but basically IBM couldn't got to someone else. There was no one else licensing language products in the microcomputer sphere the way Microsoft was. Pretty much every other BASIC at the time was proprietary.

      Also IBM was under the mistaken impression they could get CP/M from MS.

    30. Re:Very simply expressed in xkcd.. by ebvwfbw · · Score: 1

      Not so. They were going to go with Digital Research DOS. It was better. When they tried to contact him, he was on a flight across the country in his private aircraft. They should have said - we'll wait until he can return our call. Instead they moved on to Bill, who jumped at the chance.
      https://www.bloomberg.com/news...

      Right place, right time, everything was right for Bill.

    31. Re:Very simply expressed in xkcd.. by Anonymous Coward · · Score: 0

      CP/M, not DOS. Digital Research didn't have a DOS until 1984.

    32. Re:Very simply expressed in xkcd.. by Anonymous Coward · · Score: 0

      So she swallowed then?

    33. Re:Very simply expressed in xkcd.. by Archtech · · Score: 1

      What horseshit. I'm not interested in your speculation, I'm interested in facts

      By the way, who ARE you? I'm not interested in assertions, or even questions, from someone who is afraid to reveal his identity - someone who may not even exist.

      --
      I am sure that there are many other solipsists out there.
  2. being completely with out by Revek · · Score: 5, Insightful

    scruples didn't hurt. He had little problem with raiding others ideas and pushing them out of the market. Many of the things he did to get on top of the pile would be actionable today.

    1. Re:being completely with out by nagora · · Score: 4, Interesting

      scruples didn't hurt. He had little problem with raiding others ideas and pushing them out of the market. Many of the things he did to get on top of the pile would be actionable today.

      Google suggests otherwise - industrial-scale copyright infringement? Just ignore it and no one will do anything about it. Global tax evasion? Get the law changed and move on - tax is so "statist", this is the (new) age of the unaccountable corporation. They're not doing exactly the same things Gates did, but they are doing their things in the same style, and that's what actually works.

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    2. Re:being completely with out by Opportunist · · Score: 4, Insightful

      Aka "it's better to ask for forgiveness than for permission".

      --
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    3. Re:being completely with out by Anonymous Coward · · Score: 0

      That all happened after he was successful. Gates did what tons of others do; he "knew" what the next big thing was and positioned himself to be a leader in this emerging market. The difference between Gates and the thousands who try the same strategy every year? He was right about which emerging market was going to go next and he had the good fortunes (both luck and insight) to avoid the pitfalls of being a player in a volatile area of the economy.

    4. Re:being completely with out by houghi · · Score: 1

      He had no clue what would be the next big thing. He just hoped that it was what he was betting on and he was right. No insight needed, just luck.

      Hindsight is 20/20.

      --
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    5. Re:being completely with out by Anonymous Coward · · Score: 0

      More obviously is the parallel between Android and Windows. Android has a similar share of the mobile OS market that Windows did during the anti-trust era, yet routinely bundles not just a browser as Microsoft, but countless other services as well such as maps, e-mail, and so on.

      The same was true of Apple in the digital music player market - it had a near monopoly and used that to expand into phones, tablets, and eBooks.

      Amazon also abused it's online dominance of physical book sales by selling books at a loss to send just about every major competitor bar Waterstones out of business in the UK and then massively hiked book prices since the likes of Borders etc. went out of business here.

      So frankly I actually think the modern tech kings are actually MORE abusive than Microsoft was back in the day. Simply including a browser with your operating system seems like irrelevant small fry now compared to these examples.

    6. Re:being completely with out by DontBeAMoran · · Score: 5, Insightful

      He knew what the big thing was, that's why he said the Internet was a fad. It also explains why you had to add third-party patches to Windows 3.11 to get your computer on the Internet.

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    7. Re:being completely with out by computational+super · · Score: 1

      Google suggests otherwise

      Support the most fashionable presidential candidate and you can be forgiven a LOT.

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      Proud neuron in the Slashdot hivemind since 2002.
    8. Re:being completely with out by jonsmirl · · Score: 1

      A major piece of luck for him was pricing MSDOS at $35 when UCSD Pascal and CPM were $50. He did that because MSDOS was not as good as the other two. The luck came into play because hardly anyone knew what an operating system was so they simply picked the cheapest one. Luck caused his cheaper, inferior product to end up with a huge 'first mover's advanatge'.

    9. Re: being completely with out by Anonymous Coward · · Score: 0

      Easy to look down on successful people, isn't it?

      Bill Gates worked extremely hard, had a lot of very good ideas (such as allowing "hooks" in their early products, which is now known as a plug-in architecture), and took his initial good fortune into a 50 billion dollars fortune.

      I don't think given his rich kids privileges and connections I would have created such a successful company, and neither would you.

    10. Re:being completely with out by jonsmirl · · Score: 1

      You obviously did not live through the heyday of Microsoft's monopoly. Microsoft's OS monopoly may have been the strongest monopoly in the history of man. It was the first monopoly to cover the entire planet.

    11. Re:being completely with out by pak9rabid · · Score: 1

      Ah, good 'ol Trumpet Winsock.

    12. Re:being completely with out by Anonymous Coward · · Score: 0

      You obviously did not live through the heyday of IBM's monopoly.

    13. Re: being completely with out by Anonymous Coward · · Score: 1

      Bill is that you?

      I don't see anyone looking down on him.

      But l like your completely impossible to prove premise that none of us would have been as successful as Gates...I'd like to respond by with an equally impossible to prove premise that I would be twice as successful as Gates given the same circumstances.

    14. Re:being completely with out by DontBeAMoran · · Score: 1

      Thank you, I couldn't remember the name. But yeah, without that third-party software you couldn't connect to the Internet. That's how much Bill Gates knew the future. Not at all.

      --
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    15. Re:being completely with out by dryeo · · Score: 3, Insightful

      One of the stories I heard was his contract with IBM allowed him to set the prices of the other OSes.
      Which brings us to the real smart/lucky thing Gates did, signed a very good contract that let MS keep control of DOS and perhaps the above.
      This was possible for several reasons, coming from a family of lawyers, and IBM, due to the antitrust actions on them, being eager to look like they weren't a monopoly.

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    16. Re:being completely with out by Anonymous Coward · · Score: 0

      No Gates started from the very beginning to exploit. His mother got him in to see IBM, but he sold them an operating system he didn't own and then once he had IBM locked in bought MS-Dos off some poor shlub for, I think $10,000.
      So yeah, if you want to be a billionaire find some guy who's developed what going to be the next great thing and buy it from him for mills on the dollar (1 mill = 1/1000 of a dollar), then use family connections to sell it to the guy you're eventually going to bury, buy out or make irrelevant. Wash and repeat until you dominate.

    17. Re:being completely with out by msauve · · Score: 1

      It wasn't MS-DOS, it was just DOS (or IBM Personal Computer DOS, if you wanted to distinguish it from Apple ][ DOS). It was sold by, and the pricing was set by, IBM, not Microsoft. And, DOS was $40, CP/M was $240, and the UCSD P-system with Pascal was $625.

      MS-DOS came later, when the PC clones arrived.

      --
      "National Security is the chief cause of national insecurity." - Celine's First Law
    18. Re:being completely with out by Anonymous Coward · · Score: 0

      When you are in a position that forgiveness doesn't really matter anyway, yes.

      If the potential punishment could really hurt you, then it is much more likely to be meted out.

    19. Re:being completely with out by jonsmirl · · Score: 1

      You're right, I have forgotten the details. I have an IBM 5150 sitting on the desk next to me with a 5MB Tallgrass disk in it.

    20. Re:being completely with out by Anonymous Coward · · Score: 0

      Bullshit. Win 3.11 wasn't the only one. I had to download 3 separate packages (PPP, TCP/IP, InterInstall) to get Internet working on my Amiga 500 with OS 3.x. None of the OS's intended for home use had out-of-the-box support for the Internet.

    21. Re:being completely with out by DontBeAMoran · · Score: 1

      Yeah, but so what? The argument here is that Bill Gates "knew the future". He clearly didn't. In fact he pretty much knew the opposite of the future.

      Amiga? We all know it's a miracle they stayed on the market for so long, given Commodore's lack of long-term planning.

      --
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    22. Re:being completely with out by Anonymous Coward · · Score: 0

      Waterstones only survived because most of their shelfspace is now based on "Crime Fiction/Fact".

    23. Re:being completely with out by nukenerd · · Score: 1

      Gates "knew" what the next big thing was and positioned himself to be a leader in this emerging market. The difference between Gates and the thousands who try the same strategy every year? He was right about which emerging market was going to go next

      BS. He did not go into computing because) he could see an expanding future that others were blind to; he did so because he found computers interesting. If he had found an interest in, say, cars he might have entered the motor industry instead (and maybe unemployed by now). In "The Road Ahead" he wrote that at school he was fascinated by the computer they could use : "A few of us at Lakeside wouldn't stop playing with it..... [we] dragged that favorite toy with us into adulthood.". So his career choice did not owe to far-seeing vision.

    24. Re:being completely with out by mikael · · Score: 1

      Their monopoly really took off around 1996. Before then there were plenty of magazines for Atari/Amiga and all the other home computers of the time. By 1995, it was all Windows 95/Windows NT and Internet Explorer with Microsoft walking around everywhere banging a big drum and shouting "UNIX is legacy, Windows NT is the future". They even went as far as demanding that companies assign their brightest staff to their projects. Microsoft and Intel covered each others back so they were known as Wintel. That was the Netscape vs. Internet Explorer legal battle or the Browser Wars. Then for another decade there was SCO UNIX vs. Linux
      Groklaw

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    25. Re:being completely with out by nukenerd · · Score: 1

      ... the real smart/lucky thing Gates did, signed a very good contract that let MS keep control of DOS and perhaps the above.
      This was possible for several reasons, coming from a family of lawyers, and IBM, due to the antitrust actions on them, being eager to look like they weren't a monopoly.

      That is because IBM did not take the PC seriously. It was the same with other components of the IBM PC, like Intel's processor : Intel could also continue to sell their stuff to third parties (ie clone builders). This was not a show of particular smartness by Gates; I had my roof repaired recently by a roofer who mainly does local authority contracts, but those contracts do not prevent him from outside jobs like mine. If doing business outside your main contract makes Gates a business genius, then my roofer is a genius too.

    26. Re: being completely with out by nukenerd · · Score: 1

      Easy to look down on successful people, isn't it? Bill Gates worked extremely hard, had a lot of very good ideas ... and took his initial good fortune into a 50 billion dollars fortune.

      I had to look back to the parent to see what you were refering to, and don't really see the connection. The issue was whether Gates saw further ahead than others did, or whether it was luck (or a combination).

      I come across plenty of people who work extremely hard (including blue collar workers like builders and tree surgeons toiling away all hours in rain and shit), and plenty of people with good ideas. In fact good ideas are two-a-penny. But those factors only go ballistic when combined with a great deal of opportunity and luck. I think I have had a moderate amount of all those and am modestly well-off and satisfied. I recognise some good luck and don't claim it is all due to "cleverness". I also see others who have had very bad luck, and I don't accuse them of not working hard enough. Anyway; I live the life I want and would not want Gates' life.

      But Gates' chose his career because it arose from a hobby, not because he could see further than others. I was around in the late 70's and the other young techies in my circle knew perfectly well that computers had a huge future, and we all had home computers (that ran CP/M, not DOS). Gates had luck being born into the family he was, and a great deal of luck in getting the IBM contract.

    27. Re:being completely with out by nukenerd · · Score: 1

      ... His mother got him in to see IBM, but he sold them an operating system he didn't own and then once he had IBM locked in bought MS-Dos off some poor shlub for, I think $10,000.

      The original PC-DOS operating system was written by a guy called Tim Paterson who wrote it while working for Seattle Computer Products [SCP] for their own 8086 CPU board (a micro computer kit component). Microsoft bought DOS from SCP and hired Paterson to adapt it for the IBM PC. They then sold it at a massive profit to IBM and other PC makers. Later, SCP successfully sued Microsoft for misrepresenting the intended use at the time of the sale.

      SCP seems to have regarded their operating system as a joke because they had originally called it the "Quick and Dirty Operating System", QDOS. They renamed it more sensibly as 86-DOS, probably when they learned that Microsoft was interested in buying it. For the IBM contract Microsoft kept the DOS part of the acronym and said the "D" stood for "Disk".They should have kept the original name.

    28. Re:being completely with out by dddux · · Score: 1

      I got inspired by your sig. :) We used to have a Bill of Rights and now we have Bill Gates.

      --
      "It is no measure of health to be well adjusted to a profoundly sick society." - Jiddu Krishnamurti
    29. Re:being completely with out by jonsmirl · · Score: 1

      IBM's monopoly only covered businesses. Gates monopolized consumers too.

    30. Re:being completely with out by Anonymous Coward · · Score: 0

      Microsoft wasn't the 1st global monopoly, not the strongest either.
      https://en.wikipedia.org/wiki/De_Beers

  3. Step 1 to being like BG has nothing to do with by laupark · · Score: 4, Insightful

    Step 1 to being like BG has nothing to do with his exact circumstances. It has to do with making use of YOUR special circumstances effectively. Capitalizing on each situatiin and conpunding the gains

    1. Re:Step 1 to being like BG has nothing to do with by Ryanrule · · Score: 5, Insightful

      Most people dont have any special circumstances.

    2. Re:Step 1 to being like BG has nothing to do with by jonsmirl · · Score: 5, Insightful

      If you want to get rich you need to partake in an activity that has the potential to generate a lot of money. I have often heard people complain that they give everything working in a job and can barely keep their heads above water. Get a clue, working in a job makes the company owner rich, not you. You also need to do something that amplifies your actions. For example it is hard for a doctor to get really rich. That's because they are paid per action they perform and there is no way to scale. If you invent a drug you can get really rich since the drug goes into a factory which amplifies your invention. You also need to understand the difference between capital and income. It is far easier to get rich off from capital transactions that it is off from income.

      Gates' success is impossible to replicate. He had a "first movers" advantage that is gone now. He was also greatly helped by "network effects". These are also things you need to understand to get really rich.

    3. Re:Step 1 to being like BG has nothing to do with by jonsmirl · · Score: 2, Insightful

      Special circumstances happen all of the time. You just need to recognize when they are happening around you.

    4. Re:Step 1 to being like BG has nothing to do with by Opportunist · · Score: 1

      With most people it already starts at not having any special circumstances, at least none that could in any way be used for their benefits. Actually, for most people, "special circumstances" happening usually means that they have to compensate them in some way to keep things going...

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
    5. Re:Step 1 to being like BG has nothing to do with by Opportunist · · Score: 5, Funny

      Again, the best chance most people have for "special circumstances" is to jump into the way of a rich person's car.

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
    6. Re: Step 1 to being like BG has nothing to do with by Anonymous Coward · · Score: 1

      Even a cheeto eating troll in his mom's basement with an orange wee wee has a special circumstance. The key is figuring that out. I guess a lack of understanding that basic fact explains why so few succeed.

    7. Re:Step 1 to being like BG has nothing to do with by Anonymous Coward · · Score: 0

      Special circumstances abound, but either you need to have a high risk tolerance and luck to successfully exploit them, or financial reserves. Those who take the risk and fail are not subject to survivorship selection bias.

    8. Re:Step 1 to being like BG has nothing to do with by Anonymous Coward · · Score: 0

      Setting up a company takes risk and/or capital and/or time investment than most can manage, and most small businesses fail. After 2008 many have moved from being employees to self-employed and are worse off. It takes more than starting your own company.

    9. Re: Step 1 to being like BG has nothing to do with by laupark · · Score: 2

      You had me until "impossible to replicate". It is totally possible to replicate as you explained in the bit about amplifying success. Yes, you can't sell DOS to IBM again, but Bezos found a way to grab a fat pile of cash, Musk has too. Some kid named zuckerberg seems to be doing ok. Not EXACTLY a bill gates copy, but not too shabby a shpw for these guys so far. I guess it depends on what you think defines Bill Gates' success to date?

    10. Re: Step 1 to being like BG has nothing to do with by Anonymous Coward · · Score: 0

      Depends on your definition of "success" and "morality".

    11. Re:Step 1 to being like BG has nothing to do with by decep · · Score: 3, Funny

      Special circumstances are not uncommon, but valuable special circumstances are rare.

      Being able to fit 3 golf balls in your mouth is special, just not something that you can easily capitalize.

    12. Re: Step 1 to being like BG has nothing to do with by Anonymous Coward · · Score: 1

      Having innate knowledge of a subject is a special circumstance.
      Having undeniable charisma is a special circumstance
      Being able to identify people that can do the jobs you need done and keeping them together is a special circumstance.
      Owning the only lumberyard that didnt blow away in a hurricane is a special circumstance.
      None of that has much to do with rich mommies and daddies

    13. Re:Step 1 to being like BG has nothing to do with by xystren · · Score: 1

      Gates' success is impossible to replicate. He had a "first movers" advantage that is gone now. He was also greatly helped by "network effects". These are also things you need to understand to get really rich.

      He also had much less regulation with regards to IP laws - or perhaps the advantage of the IP laws at the time, no one really knew how they applied to technology. And having a rich father that will humor you with a $50k gift/loan to start up a business (not saying it's wrong, but not necessarily available to everyone). And 50k at that time was worth a whole lot more than what 50k is today.

    14. Re: Step 1 to being like BG has nothing to do with by jonsmirl · · Score: 1

      BG's domination of the desktop market is impossible to replicate. That particular 'first mover's advantage' is long gone.

    15. Re:Step 1 to being like BG has nothing to do with by jonsmirl · · Score: 4, Insightful

      Starting your own company is a huge piece of it since it gives you the capital piece. Do you know about IRS section 1202 stock? With 1202 stock your first $10M of capital gains is tax free. 1202 stock is Small Business Stock. The federal government and many states do not tax gains from this type of stock since it is a major way jobs are created.

      But... this company has to have an amplification effect. That is why it is so easy to make a lot of money in software. The marginal cost of 'amplification' (making another copy) is zero. Zero amplifications costs really lowers the amount of capital you need. It is certainly possible to start a software company while working else where to cover your basic expenses.

    16. Re: Step 1 to being like BG has nothing to do with by Opportunist · · Score: 2

      Having innate knowledge of a subject is a special circumstance.

      OK, what subject would a kid in some slum have innate knowledge about that is in any way monetizeable?

      Having undeniable charisma is a special circumstance

      Great, and now for the other 99% of the population?

      Being able to identify people that can do the jobs you need done and keeping them together is a special circumstance.

      Same answer.

      Owning the only lumberyard that didnt blow away in a hurricane is a special circumstance.

      Agreed! Too bad it ain't the case for nearly everyone.

      None of that has much to do with rich mommies and daddies

      No, all of that has to do with being extremely lucky. By that logic, I can play the lottery, too.

      With most people it already starts at them not being able to find out what "special ability" they might have. To take one of your examples, finding out that you're good at organizing people and managing them first and foremost requires you to be given the chance to organize and manage people. For many people, it's already a lucky break if they get a chance to show that they CAN do something.

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
    17. Re: Step 1 to being like BG has nothing to do with by jonsmirl · · Score: 2

      A recent example of a huge first mover's advantage is Uber. You don't have to have a market the size of Uber's, there are many smaller markets that also will work.

    18. Re: Step 1 to being like BG has nothing to do with by Anonymous Coward · · Score: 0

      And if you meet the right billionaire with 3 balls that need holding and a dream, you may jist get 1/2 his fortune. Opportunities abound...just need to capitalize on that special circumstance

    19. Re:Step 1 to being like BG has nothing to do with by jonsmirl · · Score: 2

      Don't worry about IP laws, just don't blatantly abuse them like Napster did. There is very little you can do to stop an IP troll from targeting you if they want to. You best defense is to stay off from their radar.

      BTW - you can start a software company for almost nothing now. Back in BG's time PCs were $3,000 inflation adjusted to like $20,000 now. You can get a great PC today for $1000 and you probably already own it. AWS and Google will both let your try the cloud for free for a year. Lack of capital is not an excuse for not doing a software start up.

      If you are not doing a startup because you need a $50,000 salary, then being a founder is not for you unless you are very creative. Instead come in as a later employee and get a salary. You will still get some upside from stock but it will be a pittance compared to the founders.

    20. Re: Step 1 to being like BG has nothing to do with by jonsmirl · · Score: 1

      Simply recognizing when a special circumstance hits you in the head is a special circumstance. How many people do you know say -- wow, I thought of that first! But they did nothing with their thoughts.

    21. Re:Step 1 to being like BG has nothing to do with by hey! · · Score: 3, Insightful

      Actually I'd put it this way: most people don't have special circumstances that are as easily recognizable in advance.

      For example, Mum being chummy with the chairman of IBM at a time they're launching a product you're interested in is pretty trivially recognizable as a special circumstance.

      --
      Post may contain irony: discontinue use if experiencing mood swings, nausea or elevated blood pressure.
    22. Re: Step 1 to being like BG has nothing to do with by Anonymous Coward · · Score: 0

      Meth lab. All that basement space, looking for a way to generate cash.

    23. Re: Step 1 to being like BG has nothing to do with by Anonymous Coward · · Score: 0

      Having innate knowledge of a subject is a special circumstance.

      More like a super power. Most of us have to learn things.

      Having undeniable charisma is a special circumstance

      Around here, it's more like a fairy tale.

      Being able to identify people that can do the jobs you need done and keeping them together is a special circumstance.

      Also completely useless if you don't have jobs for them to do and money to pay them with, but whatever.

      Owning the only lumberyard that didnt blow away in a hurricane is a special circumstance.

      Most people aren't born owning any lumberyard, those things don't just grow on trees...

      None of that has much to do with rich mommies and daddies

      You'd be surprised. Access to capital and influence gives you a much better chance at having and being able to take advantage of those circumstances. Even if you want to do something mundane like work in the front office for a sports franchise, having access to money and resources gives you a leg up on the competition because the jobs pay half of what industry pays, if that. And if you want to run a sports franchise, your odds go way up if daddy owns the team, even if you are completely unsuited to the job, Jeff.

      Hell, half of it is just the experience of being on the inside and knowing how things work for the privileged. That's probably the most special circumstance and the reason why so many successful people just happen to be the children of business leaders, politicians, and celebrities.

    24. Re: Step 1 to being like BG has nothing to do with by ranton · · Score: 1

      It is wrong for someone to say BG's success is impossible to replicate. It would be more accurate to say there are no actions you can take which will even give you a 1% chance of replicating BG's success. Probably not even a 0.01% chance. There are only a few people living in the US with BG's level of success, and probably hundreds of thousands of people who worked just as hard and just as smart as him.

      There are plenty of things you can do to give yourself a good chance of reaching a $10+ million net worth, but trying to reach a BG level of success is a fool's errand. Luckily the early steps you do to reach $10 million in wealth are nearly identical if not actually identical to the things you do to reach $10 billion in wealth. The only difference between these two levels of wealth is basically just luck. So there is always that small chance you are one of the lucky ones if you shoot for it.

      --
      -- All that is necessary for the triumph of evil is that good men do nothing. -- Edmund Burke
    25. Re:Step 1 to being like BG has nothing to do with by Anonymous Coward · · Score: 0

      For example, Mum being chummy with the chairman of IBM at a time they're launching a product you're interested in is pretty trivially recognizable as a special circumstance.

      The thing is, there's no reason to believe Gates's mother had anything to do with getting a deal with IBM. Evidently when Opel heard the PC team was licensing DOS from Microsoft, he said, "Isn't that Mary Gates's boy's company?"

      For all Microsoft's flaws, they got the DOS deal through their own hard work. They had already done BASIC and Xenix, and were well-known in the nascent PC industry. IBM thought they could license CP/M from MS because MS sold a CP/M card at the time. Bill told them to talk to Gary Kildall at Digital Research (and Kildall epically dropped the ball).

      Besides, what kind of mother would set her own son up for failure by putting him on the spot to deliver a product he didn't have?

    26. Re: Step 1 to being like BG has nothing to do with by CastrTroy · · Score: 1

      And Uber isn't really that profitable. As far as I know they are still operating at a loss. Also, there's nothing preventing somebody coming along and taking a piece of the pie. I could install 3 or 4 different ride hailing services on my phone and check the best price from each, and the drivers could also be working for multiple companies at the same time with relative ease.

      Compare that to something like Microsoft. It's not so easy to make a competing operating system or office suite because by their nature they have to be compatible with everyone else's computer for it to be really useful. There's no problem introduced when Lyft isn't compatible with Uber, but if I send my friend an MS Office Document, he's going to need MS Office to open it or it might not show quite right.

      --

      Anthropic principle: We see the universe the way it is because if it were different we would not be here to see it.
    27. Re: Step 1 to being like BG has nothing to do with by jonsmirl · · Score: 1

      You are describing network effects. There are some network effects in ride sharing -- the more drivers on the platform, the faster you will get a ride, but they are nowhere near as strong at the network effects between the operating system and the packaged software market.

    28. Re:Step 1 to being like BG has nothing to do with by Anonymous Coward · · Score: 0

      Are you rich?

    29. Re: Step 1 to being like BG has nothing to do with by laupark · · Score: 1

      Uber may not make money, but Travis Kalanick has 6.3B and it came from somewhere.... This isn't about Microsoft, or Uber. It is about people being successful.

    30. Re:Step 1 to being like BG has nothing to do with by Anonymous Coward · · Score: 1

      Being able to fit 3 golf balls in your mouth is special, just not something that you can easily capitalize.

      Actually,it's pretty easy. Most word processors have functions to do this

      "BEING ABLE TO FIT 3 GOLF BALLS IN YOUR MOUTH"

      or this

      "Being Able To Fit 3 Golf Balls In Your Mouth"

    31. Re:Step 1 to being like BG has nothing to do with by Anonymous Coward · · Score: 0

      I heard the same things when I was fresh out of high school. I should have listened to it, so I wouldn't have so much wealth to deal with.

    32. Re:Step 1 to being like BG has nothing to do with by Anonymous Coward · · Score: 0

      Actually I would say almost everyone does. Not as special as Billy, but everyone has a few special chances to break out of where they could be in life and go far beyond it. Using that chance to leverage, you can go way beyond from there.

    33. Re: Step 1 to being like BG has nothing to do with by Anonymous Coward · · Score: 0

      I long ago realized that telling people hard truth on the internet is a waste of time. It is easier to say "it can't be done" than to actually try to do it. Until it isn't easier, which is sooner than the "bah can't do it" people realize.

    34. Re:Step 1 to being like BG has nothing to do with by Anonymous Coward · · Score: 0

      >If you want to get rich you need to partake in an activity that has the potential to generate a lot of money

      If you are talking Gates level, yes.

      If you are talking simply wealthy (say, positive net worth north of one million less primary residence, which isn't that wealthy) you can easily do it, given enough time. The problem is, those with the time are more likely to say "our circumstances are impossible, we need Bernie Sanders" than to take their future into their own hands.

    35. Re:Step 1 to being like BG has nothing to do with by war4peace · · Score: 1

      No, they don't. Otherwise they wouldn't be called "special", would they?

      --
      ...gis sdrawkcab (usually not responding to ACs; don't bother posting as AC)
    36. Re: Step 1 to being like BG has nothing to do with by war4peace · · Score: 1

      ...or, rather, they couldn't do anything with that thought.
      Lack of capital, connections or skill could have blocked them off.

      --
      ...gis sdrawkcab (usually not responding to ACs; don't bother posting as AC)
    37. Re:Step 1 to being like BG has nothing to do with by Anonymous Coward · · Score: 0

      According to the Inflation calculator $3000 in 1981 dollars (The year the IBM PC cam out) is worth $7921.
      But your point is clear, a computer can be bought for a grand that is leaps and bounds better than that 1981 computer that would cost seven times as much as the real price of that 1981 computer.

    38. Re:Step 1 to being like BG has nothing to do with by jonsmirl · · Score: 1

      They occur continuously in the economy but the vast majority of opportunities are not exploited. Usually the reason is that the person in the middle of the circumstance does not realize that they are in the middle of one or they don't take action. You are looking at it through the lens of 'survivor bias'. You only see the opportunities that were captured, not the ones that were missed.

      On the other hand almost all of the exploited circumstances are non-repeatable. Gates got the PC monopoly, that simply can't be repeated. But Android doesn't care, it fills a different circumstance.

      There was a piece on Adafruit a few days ago about the AC motor. It was probably invented ten times before Tesla exploited it. The other people had the opportunity and failed to capitalize on it.

    39. Re: Step 1 to being like BG has nothing to do with by jonsmirl · · Score: 1

      Simply saying "Lack of capital, connections or skill could have blocked them off." exhibits a mindset that is not going to make you rich.

      "The easiest way to make a small fortune is to start with a large one."

    40. Re:Step 1 to being like BG has nothing to do with by Solandri · · Score: 3, Insightful
      My extended family moved to the U.S. from Korea in the 1970s. Korea was still rebuilding back then and was paranoid about people leaving with their money, so limited emigrant families to taking about $1000 with them. So each of my father's and mother's siblings (8 in total) arrived in the country with about $1000 and the clothes on their back (and sometimes kids in tow). From worst to best off:
      • One unfortunately married an alcoholic, and lives in a trailer park with a poverty level income.
      • One made a middle class life built on running a dry cleaner 10 hours/day 6 days/week.
      • One made an upper-middle class life built on working overseas construction projects in crappy or dangerous locales. He gets home a couple months out of the year, but is otherwise "at work" 24 hr/day the rest of the year, and mails his paychecks home to his family..
      • One made an upper-middle class life built on a dual income (nurse and owning/running a printing shop).
      • One made an upper-middle class life built on buying a liquor store and working there 14 hours/day 7 days/week, and investing their income wisely in real estate instead of frittering it away on things like fancy cars and big screen TVs.
      • One made an upper-middle class life built on a dual income (engineer and pharmacist).
      • My dad was a doctor before moving here, so I'd leave him out of the statistics (lower-upper class). Although I do recall living in assisted housing and having to get clothes and other goods from the Salvation Army because we were poor while he was doing his recertification internship.
      • One married a wealthy husband.
      • One is upper class - they risked everything they had to start a cell phone store back when cell phones were first becoming popular, and now own a chain and warehouses worth several $million. No fancy education or pre-existing wealth. Just a lot of hard work, and an extensive list of contacts they've built up over the years with cell phone accessory manufacturers and suppliers in China.

      If you've convinced yourself or somebody else has convinced you that you have no chance to make "special circumstances" for yourself, then you've already lost. Enjoy the lower or lower-middle class lifestyle that you've consigned yourself to. Yes luck plays a role. But if you don't at least try, you'll never get anywhere.

    41. Re:Step 1 to being like BG has nothing to do with by WrongMonkey · · Score: 3, Insightful
      None of the situations that you describe sound like "upper-middle class".

      One of the characteristics of being middle-class is having leisure time. No matter how much money you're making, working 14hours/day, 7 days/week is not middle class, upper or lower.

    42. Re:Step 1 to being like BG has nothing to do with by david_thornley · · Score: 2

      There's no evidence that Gates recognized special circumstances. He got into software early on, but lots of people did that. I was programming mainframes and my TRS-80 when the IBM PC came out. He completely missed the future of the Internet, and his GUI development followed Apple's. His idea of a tablet was a heavy and expensive portable device running XP. Microsoft made its name initially by producing what was arguably the best BASIC for 8-bit home computers, but there were plenty of other BASICs.

      He lucked into a developing field, and was very good at it and worked hard, and in the normal course of events would have become a very successful businessman. His mother tipped him off to an opportunity and his father wrote up the contract that meant his version of Seattle Computer Club's QDOS would be on almost every IBM PC, without giving IBM control of the software.

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
    43. Re:Step 1 to being like BG has nothing to do with by david_thornley · · Score: 1

      Most of that family achieved upper-middle-class status by hard work and initiative. One achieved upper-class status by risking everything they had on something that looked like the Next Big Thing and managing to survive.

      Lots of people bet heavily on the Next Big Thing, worked hard, and wound up somewhere from upper-middle-class and bankruptcy.

      The lesson is that, if you work hard and show initiative, you can probably get into the upper middle class.

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
    44. Re:Step 1 to being like BG has nothing to do with by david_thornley · · Score: 1

      True. I can wiggle my ears independently, which I suspect is rarer than having my level of programming ability, but guess which I can get paid well for?

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
    45. Re:Step 1 to being like BG has nothing to do with by david_thornley · · Score: 1

      Back around 1980, starting a software company was expanding into a wide-open field, and it was possible to do very well without doing anything else extraordinary. That's no longer the case, and the fact that it's easy to start a software company means that most people can do it if they have a decent idea. In order to make it big, you have to have an idea that's either highly insightful or really lucky.

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
    46. Re:Step 1 to being like BG has nothing to do with by jonsmirl · · Score: 1

      Software is in its infancy, it will still be going strong 200 years from now. We have barely scratched the surface of what is possible. Just look at the rise of self-driving cars. A huge revolution will occur when someone figures out how to get AIs to write decent software. So don't give up on your software startup yet, instead focus on the future and don't don't try to rebuild past successes.

    47. Re:Step 1 to being like BG has nothing to do with by apoc.famine · · Score: 1

      Sadly, that's bullshit, in more than one way. Do you really understand how much money Gates and those like him have? The number of people who have been lucky enough to be able to repeatedly compound on successes without major setbacks to the extent of Gates can be counted in the single digits. If we extend that more broadly, the top 400 wealthiest families in the US have more net worth than the sum of 50% of the population. For 99.999% of the population, you just can't compound your way to that sort of wealth. (And mathematically, that's actually too low.) At best, with no setbacks, you might make it in the top half of the middle class. At best.
       
      The problem for most people, and I will lump myself in here, is that getting rich, if you're not already rich, involves massive sacrifice and/or massive risk.
       
      I'm solidly upper-middle class, but to get rich I'd have to take a gamble which could very realistically knock me out of this comfortable life. I'd have to give up my leisure time and expensive hobbies/habits because I'd need to be busting my ass.
       
      I'm sure some people will say, "Then you don't have what it takes to get rich.", but that ignores the survivorship bias and all the people who took a risk and failed. I fully understand that the best path to being really rich is to start my own business. I also recognize that it would mean taking substantial financial risk, being unable to support my family for some period of time, and that the first couple of businesses someone starts generally tend to fail. I recognize that I'll have to learn to fail early and fail often. The big question is whether or not that's sustainable for long enough for me to find success. If it's not, then I've wasted all my savings, several years of solidly good income, and delayed retirement by even more for absolutely nothing.
       
      And that's best-worst-case. I could also have gone so far into debt that I simply can never retire. I could be sued by a business partner and need to have my wages garnished when I go back to middle-class work. I could have worked myself into a heart attack or a stroke. Skipped health insurance because it was too costly and had an accident or illness.
       
      If you start rich, like Gates did, you don't have to worry about that risk. For most people, that's not their lot in life, and it makes it really, really hard to chase real wealth. You can chase general financial security with far less risk, and for most people, that's the most logical thing to do.

      --
      Velociraptor = Distiraptor / Timeraptor
    48. Re:Step 1 to being like BG has nothing to do with by Anonymous Coward · · Score: 0

      Most of that family achieved upper-middle-class status by hard work and initiative. One achieved upper-class status by risking everything they had on something that looked like the Next Big Thing and managing to survive.

      Lots of people bet heavily on the Next Big Thing, worked hard, and wound up somewhere from upper-middle-class and bankruptcy.

      The lesson is that, if you work hard and show initiative, you can probably get into the upper middle class.

      Bullshit. The game is rigged. I used to believe that my merits would take me to glory. I was fucking wrong. A sizable K-zero plus connections trump merit BIG time. Now go back to work, serf. You never gonna make it.

    49. Re:Step 1 to being like BG has nothing to do with by Anonymous Coward · · Score: 0

      > Do you really understand how much money Gates and those like him have?

      A lot

    50. Re:Step 1 to being like BG has nothing to do with by thegarbz · · Score: 1

      Most people dont have any special circumstances.

      Most people don't recognise their special circumstances. There's a difference.

    51. Re:Step 1 to being like BG has nothing to do with by Anonymous Coward · · Score: 0

      How does someone manage to get a degree or buy a business on "about $1000 and the clothes on their back"?

      A recent immigrant can't even get government-backed student loans with the same background. So even borrowing is out. Where did the tens of thousands for those engineering, pharmacist, and nursing degrees come from? Where did the money come from to buy the businesses to make the money. Hell, in my area the cheapest commercial space will cost around 150,000 unfurnished. Good luck getting a loan for that being a recent immigrant. Good luck saving that much money with a dead-end job.

      Stories like these always ignore several dozen critical details while embellishing the challenges.

    52. Re: Step 1 to being like BG has nothing to do with by Anonymous Coward · · Score: 0

      You have so much wonderful advice. I'm sure you are worth hundreds of millions, being so skilled in wealth building.

    53. Re: Step 1 to being like BG has nothing to do with by Anonymous Coward · · Score: 0

      I could install 3 or 4 different ride hailing services on my phone and check the best price from each, and the drivers could also be working for multiple companies at the same time with relative ease.

      And all of this could be handled by an app... There it is, your shot to make it big. Write that app and claim your fortune!

    54. Re: Step 1 to being like BG has nothing to do with by Anonymous Coward · · Score: 0

      You are not telling everything. One just doesn't start a business or just buy a liquor store without capital and an immigrant can't borrow money from a bank. A liquor store costs about $100,000 to start minimum just for the license. And it's illegal in most states to finance the inventory so that's tens of thousands more CASH.

      These stories of people showing up penniless and only working hard are BS. You have to have a source of capital.

    55. Re:Step 1 to being like BG has nothing to do with by nukenerd · · Score: 1

      For all Microsoft's flaws, they got the DOS deal through their own hard work.

      Er ..... DOS itself was mostly the hard work of Seattle Computer Products - they wrote it. MS bought it from them while concealing the reason for the purchase. SCP later successfully sued Microsoft for misrepresentation, although for no-where near what it was worth to MS. Not much work was involved in actually getting the deal, no more so than is usual in such deals.

    56. Re:Step 1 to being like BG has nothing to do with by Anonymous Coward · · Score: 0

      What I meant was, they built their business selling languages through hard work, which is what got IBM's attention. Not that they worked particularly hard on DOS, even though they hired Patterson away from SCP, so his hard work became MS's hard work.

    57. Re: Step 1 to being like BG has nothing to do with by Anonymous Coward · · Score: 0

      If you think someone doesnâ(TM)t have special circumstances, ask someone that person knows that has less.

      People with less than you always keep track of the ways that you are lucky.

    58. Re:Step 1 to being like BG has nothing to do with by Anonymous Coward · · Score: 0

      "If you want to get rich you need to partake in an activity that generates a lot of value."

      There, fixed that for you. Once you understand the difference the rest is easy.

    59. Re:Step 1 to being like BG has nothing to do with by Anonymous Coward · · Score: 0

      Said by someone who didnt get there from lower class.

  4. Survivorship Bias by ptaff · · Score: 5, Insightful

    The Misconception: You should focus on the successful if you wish to become successful.

    The Truth: When failure becomes invisible, the difference between failure and success may also become invisible.

    Survivorship Bias; You Are Not So Smart

    1. Re: Survivorship Bias by greenfruitsalad · · Score: 1

      Dude, that was a painfully long read but I thank you for it.

    2. Re:Survivorship Bias by sl3xd · · Score: 1

      Thanks for the link! I'm not finished with it, but I already like the story.

      --
      -- Sometimes you have to turn the lights off in order to see.
    3. Re:Survivorship Bias by Anonymous Coward · · Score: 0

      Smart people will know what made HP and DEC fail while MSFT and Oracle and Google prospered. DEC was a leader in search engines until two guys showed up with a bunch of PCs running a novel web crawler/search engine. DECs system was spammed with crap and DEC considered their search engine a secondary priority. The two little guys saw their search engine as their core business and evicted the spam from their index. They won over DEC.

      Similar things can be said about HP, once a leader in microprocessors and mid-range computers. They were done by defeatism while MSFT, Intel and Oracle kept fighting for their products. Even though WNT was inferior to HPUX, HP helped MSFT to sell WNT. They never tried to seriously compete with WNT. HP also had relational database products, but they dumped it in favor of Oracle.

      Lesson: It does not help to be an old corporation with lots of money and experienced managers. They tend to be cynical administrators, not hungry businessmen.

    4. Re:Survivorship Bias by dddux · · Score: 1

      Excellent link. I read it all and enjoyed it so much. Thank you!

      --
      "It is no measure of health to be well adjusted to a profoundly sick society." - Jiddu Krishnamurti
    5. Re:Survivorship Bias by Anonymous Coward · · Score: 0

      IBM also produced a computer that could be made by third parties such as, Compaq, Dell, Gateway and many others, which allowed for increase MS-DOS sales and later increased Windows and Office sales

      Actually IBM thought they were safe from third-party clones because they copyrighted the BIOS and published the assembly source, so it would be immediately apparent if anyone copied it.

      Gates must have shit his pants with money-lust when he found out Compaq had reverse-engineered IBM's BIOS!

  5. Let me see here by burtosis · · Score: 5, Insightful

    So I shouldn't have a extremely wealthy family, who is well connected, and further take vast sums of money to start a business - and if it fails just take even more money to try again? I'm pretty sure that is possibly the single most consistent detail of the success stories of the super wealthy.

    1. Re:Let me see here by Anonymous Coward · · Score: 0

      If you are so smart, why aren't you rich?

    2. Re:Let me see here by Anonymous Coward · · Score: 0

      Market Domination seems to be a constant in the lives of the Super-Wealthy.

      Should you fail you just stay moderately wealthy or somewhat wealthy or at least wealthier than most people.

    3. Re:Let me see here by burtosis · · Score: 4, Insightful

      Going off our president and many others I'm starting to think being smart is a hinderance. Having an ounce of decency or a single moral fiber almost assuredly is.

    4. Re:Let me see here by Anonymous Coward · · Score: 0

      As I tell people "If that easy money thing really worked I'd already be doing it."

    5. Re:Let me see here by Anonymous Coward · · Score: 0

      Going off our president and many others I'm starting to think being smart is a hinderance.

      That depends. Do you want to be happy or do you want to be rich? You're extremely unlikely to get both, so pick one and pursue it.

    6. Re:Let me see here by LaminatorX · · Score: 3, Informative
      | What was it that Steve Jobs did that you did not?

      Grew up in Silicon Valley at exactly the right time.

      Marketed Steve Wozniak's brilliance, repeatedly.

      Figured out that how people interact with a machine is as important as the capabilities of the machine itself.

    7. Re:Let me see here by Sperbels · · Score: 1

      Since when is there a correlation between wealth and intelligence? I mean, smart people tend to be successful. But that's different than rich.

    8. Re:Let me see here by Solandri · · Score: 1

      The wealth and education part was actually irrelevant to his success (aside from enabling him to stay in business until the IBM deal came up). He didn't make MS-DOS. He learned from his mom that IBM was looking for an OS, and he knew he didn't have the skill nor time to write it himself. So he bought it from a competitor. He could've known nothing about computers (like Steve Jobs) and still pulled off the deal.

      So it was (1) his mom knowing the chairman at IBM in charge of the PC project, and (2) him knowing someone in the industry that had what IBM wanted. Even (1) is a string of coincidences - both she and chairman Opel were on the board for the United Way, which is how she learned of IBM's PC project and she tipped them off to talk to Microsoft for an OS. Contacts are everything. A friend of mine who transferred to Harvard said the education there was pretty much the same quality as at her previous college, but the contacts she was getting through her professors and other students were invaluable.

      This is why you try as hard as you can not to burn bridges when quitting a job - something most people don't seem to care about. They'd rather get to spend a few minutes to openly express their righteous indignation at being treated badly at work, than be diplomatic and keep those contacts in their back pocket for life.

    9. Re:Let me see here by david_thornley · · Score: 1

      Steve Jobs had a sense of style. He had a genius available to exploit, and the lack of morals necessary for the exploitation. He lucked into a field, going from phone phreaking (an occupation that was illegal but made up for it by not paying well) to making premade computers.

      He had some abilities to an extraordinary degree. He became rich on starting a company in a field that was about to become big, having a sense of style, having a sense of what was possible, and being an egocentric bastard.

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
    10. Re:Let me see here by thinkwaitfast · · Score: 1

      Many people grew up in Silicon Valley at the right time.

    11. Re:Let me see here by Anonymous Coward · · Score: 0

      Yes, but more importantly, people did things in Silicon Valley at the right time.

      Having a 'walk' signal won't get you across the street—you have to move your feet too.

    12. Re:Let me see here by Anonymous Coward · · Score: 0

      You forgot the part about the private school education that equipped him with a knowledge of computer programming only .01% of the population possessed.

    13. Re:Let me see here by burtosis · · Score: 1

      What if causing human suffering and making everyone grovel before you as they sing your praise is what truly makes you happy? Then you can have both.

    14. Re:Let me see here by Anonymous Coward · · Score: 0

      Exactly! Bill Gates (like the illegitimate 0ccupant of the White House) is nothing but a thief and liar. He stole the idea of a desktop from (Cr)apple, and DOS from Sun Microsystems! The main reason that MS-DOS and later Windows became dominant is that someone gave BG the idea to get computer sellers to include (for a fee) the OS pre-installed on the computer.

    15. Re:Let me see here by Anonymous Coward · · Score: 0

      Best summary I've ever read of Jobs. Spot on.

    16. Re:Let me see here by Anonymous Coward · · Score: 0

      He lucked into a field, going from phone phreaking (an occupation that was illegal but made up for it by not paying well) to making premade computers.

      He was well aware of that, too:

      I feel incredibly lucky to be at exactly the right place in Silicon Valley, at exactly the right time historically, where this invention has taken form.

  6. Why you shouldn't imitate yourself by Anonymous Coward · · Score: 5, Insightful

    I was very active in startups between 1995 and 2000. Many entrepreneurs made a lot of money, and many lost the money again, because after the trick that earned them the cash, they thought they were pretty smart and wanted to replicate the success by investing in newer startups. Then they found out the hard way it wasn't how smart or special they are that made them successful at first, but that they were at the right place at the right time.

    1. Re:Why you shouldn't imitate yourself by Anonymous Coward · · Score: 0

      Very similar to why bank robbers always get caught. Someone can rob a bank one time and possibly get away with it. But if they do get away with it, they start to believe that they have the secret to successful bank robberies because they've done it before. It's not until after they're caught that it becomes obvious that the early success was really just lucky circumstance.

      The human brain is sometimes very bad at distinguishing between luck and clever planning when it has few examples to work from.

    2. Re:Why you shouldn't imitate yourself by hey! · · Score: 1

      While what you say is true, there are people who do have a knack, like the father of one my employees who was a wealthy merchant in Karachi before partition. He didn't believe partition was really going to happen, and ended up walking from Karachi to Mumbai with nothing but the clothes on his back. A few years later, he was a wealthy merchant in Mumbai -- although obviously not Gates-level wealthy which always takes some luck.

      There's an element here of nothing ventured, nothing gained. If getting rich is important to you and you put a lot of time and effort into it, it's more likely to happen to you than if you put your energy into having a social life or raising a family. There are exceptions of course, like Steve Wozniak, who just wanted to do his thing and happened to be useful to an ambitious friend.

      --
      Post may contain irony: discontinue use if experiencing mood swings, nausea or elevated blood pressure.
    3. Re:Why you shouldn't imitate yourself by computational+super · · Score: 1

      Got caught up in that myself. Worked for a startup back in the late 90's that was acquired and made a lot of money for the founder and the ground-floor employees (but nothing for me, jumped on that bandwagon too late). Years later, the founder reached out to me, told me he was starting up a new venture, wanted me as employee #1, VP position, stock options, chance to lead the technical direction of the company. I jumped at the opportunity - although by then I was old and jaded enough that I wouldn't normally fall for that sort of talk, in this case, I knew the guy personally, and I knew he'd done it at least once before.

      Well... after a couple of years of working nights and weekends and not having much of anything to show for it I started to realize that even a blind squirrel finds a nut every once in a while... lesson learned, I guess.

      --
      Proud neuron in the Slashdot hivemind since 2002.
    4. Re:Why you shouldn't imitate yourself by slew · · Score: 1

      Well... after a couple of years of working nights and weekends and not having much of anything to show for it I started to realize that even a blind squirrel finds a nut every once in a while... lesson learned, I guess.

      On the other hand nothing ventured, nothing gained. Working for startup is something you are investing your time in (not money). Some people are more conservative in their time investments, others are more aggressive. Just like any investment, as long as you can sleep at night, you are probably near your risk tolerance level.

    5. Re:Why you shouldn't imitate yourself by david_thornley · · Score: 1

      This is one reason I'm really impressed by Elon Musk. After making a fortune in Paypal, he went on to found other businesses that look like they'll be highly successful (and also Hyperloop).He has multiple independent successes, which means he's got actual extraordinary ability instead of luck.

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
    6. Re:Why you shouldn't imitate yourself by david_thornley · · Score: 1

      The thing about risk is that it's, um, risky. There are winners and losers, and we rarely read about the losers.

      Taking risks is fine, especially if you're young with time to pick up the pieces and start again. However, it isn't anything like a sure way to success.

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
    7. Re:Why you shouldn't imitate yourself by fluffernutter · · Score: 1

      If they exposed all their found wealth to the risk of the next big thing then they weren't very smart. People like Trump fail again and again but the key is that they secure wealth in their own pocket that isn't exposed to the next failure.

      --
      Laws are rules for the court, but merely a bottom bar to hit for life. Think beyond laws in your actions always.
    8. Re:Why you shouldn't imitate yourself by fluffernutter · · Score: 1

      Does he have any business that is profitable and doesn't rely on government subsidies?

      --
      Laws are rules for the court, but merely a bottom bar to hit for life. Think beyond laws in your actions always.
    9. Re:Why you shouldn't imitate yourself by hey! · · Score: 1

      Sure. In business I've had to point this out many time: just taking any old risk is stupid. The risks you want to take arethe ones other people have overestimated, or the ones you are unusually prepared for.

      Unfortunately a lot of people let slogans like "risk taking" do their thinking for them.

      --
      Post may contain irony: discontinue use if experiencing mood swings, nausea or elevated blood pressure.
    10. Re:Why you shouldn't imitate yourself by j-beda · · Score: 1

      This is one reason I'm really impressed by Elon Musk. After making a fortune in Paypal, he went on to found other businesses that look like they'll be highly successful (and also Hyperloop).He has multiple independent successes, which means he's got actual extraordinary ability instead of luck.

      Perhaps, but how can you tell it isn't largely luck? Out of all the people who have tried this type of thing multiple times, how many, just by chance, would be expected to have this type of success? Just because someone predicts ten flips of a coin correctly, doesn't necessarily mean that they can actually make coin-flip predictions. Get enough people predicting and flipping, and it is not suprising that a small number of them "get it right" a seemingly amazing number of times.

    11. Re:Why you shouldn't imitate yourself by david_thornley · · Score: 1

      I don't think Space-X or Tesla rely on government subsidies. Space-X does do business with the government, but that's something else entirely. As far as profit goes, both are fairly new and ambitiously high-tech businesses that are expanding rapidly, and such businesses can be extremely successful without showing a profit for quite a few years.

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
  7. Education and hard work by CustomBuild · · Score: 1

    Are the keys to success. College dropouts who succeed are outliers, as the vast majority of successful people, are people who were able to combine a stronger education with hard work.

    1. Re:Education and hard work by Opportunist · · Score: 4, Insightful

      The most successful ones, though, combined psychopathy with the hard work of others.

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
    2. Re:Education and hard work by Anonymous Coward · · Score: 1

      The most successful ones, though, combined psychopathy with the hard work of others.

      Like Hillary, Feinstein, and Pelosi.

    3. Re:Education and hard work by Osgeld · · Score: 1

      think you have success and filthy rich confused

    4. Re:Education and hard work by gtall · · Score: 1

      I could either mod you up or reply. Hopefully someone else will mod you up. One thing I learned from grad school and watching my fellow classmates fail to complete is that one needed (1) some ability, and (2) grit. If success requires psychopathy like the fellow below brings up, what is the price of your soul? Don't believe in a soul, what is the price of your self-respect? No self-respect, and psychopathy is all you have left, you'd better hope no one gets in a position to treat you the way you have treated them. What goes around, comes around.

    5. Re:Education and hard work by Solandri · · Score: 1

      Only about 3%-4% of upper management test as psychopaths (vs about 1% for the general population). How do you account for the other 96%?

      The off-cited 1 in 5 Australian study was badly misreported by the press. It found 5.76% could be classified as psychopaths, 10.42% were dysfunctional with psychopathic characteristics, and overall 21% showed some psychopathic traits. Crucially, they did not give a comparison for these metrics to the general population. The press added up all these numbers and misreported that 21% were psychopaths. (For comparison, 16% of prisoners are classified as psychopaths.

      The vast majority of people highly successful in business are completely normal.

    6. Re:Education and hard work by david_thornley · · Score: 1

      Define success. I've worked reasonably hard all my life, and had some good breaks. I'm living a very comfortable life doing something I generally like at a company I like. I'm going to have a very comfortable retirement. I've got a wonderful wife and wonderful son. Overall, it's been a good and successful life.

      However, nobody's going to be interested in publishing my autobiography. I'm not going to be a desired guest on national talk shows. When I die, there are dozens of people who will mourn me. I'm not rich. This is not a complaint, since I've got things better than being rich and famous, but when people talk about how to be successful they usually mean more money and renown than I can muster.

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
  8. William and Robert Gates? by Lost+Penguin · · Score: 1

    I have always wondered about connections between Bill Gates and William Gates/Robert Gates.....

    --
    I am the unwilling control for my Origin.
  9. Jokes aside, it's not hard by RevDisk · · Score: 5, Insightful

    To get rich you need three things.

    Hard work - Don't discount this. Yes, connections and money make things easier, but it still takes work. A lot of it.
    Intelligence - Hardest work on the planet won't always get you further.
    Sheer flat out luck - Being the hardest working smart person doesn't help if you get a crippling illness or just at the wrong time. Being born wealthy or with connections is genetic lottery.

    You pretty much need a lot of all three to get super wealthy. Two will get you into a decent place and you'll do fine.

    1. Re:Jokes aside, it's not hard by will_die · · Score: 1

      Some economist say that is not the case. there are plenty of people that worked hard, came up with the next new mouse trap and had some luck but completely failed.
      Instead they put it down to being able to overcome the fear of risk and uncertainty.

    2. Re:Jokes aside, it's not hard by doctorvo · · Score: 1

      No, you don't need "luck" to get rich. You need "luck" only to get super-rich.

    3. Re:Jokes aside, it's not hard by jonsmirl · · Score: 1

      Those three will get you the Nobel prize, not rich.

      Getting rich also involves the 'vision' thing. You have to be able to project out into the future and see where things will be, not where they are today. That's how you sort out the good ideas from the bad ones. You also need a firm grasp of economics since at some point your company has to make money.

    4. Re:Jokes aside, it's not hard by Anonymous Coward · · Score: 0

      You left out:

      Ruthlessness -- willingness to squash your competitors and tear down any people (good or bad) who get in your way.

      I think that there is a case that most CEOs have some measure of psychopathy in their mental health.

    5. Re:Jokes aside, it's not hard by Anonymous Coward · · Score: 0

      Digging a little deeper:

      Hard Work - There are different kinds of hard work. Grinding away at a problem is one, but it won't get you very far. If you want to get ahead, you need to put in work in several different areas, including the business and people sides.

      Intelligence - Again, pure technical intelligence is great, but you also need to understand other aspects. Great ideas go nowhere without competent management and marketing, even if those areas are frequently the butt of jokes.

      Luck - First, there's the luck of your birth, family, time, and place. Let's face it, you were born too late to succeed at something that already exists. But since those are the success stories we have to go by, we think that's what we need to do. Deep down, we're all really stupid. In any case, that part of luck is over and done with, either you have it or you don't.

      The other part is being in the right place at the right time with the right idea and the resources to capitalize on it. And that comes with it the risk that, the rest of the time, you will fail. So that part of luck is really not being risk averse. If you need a steady income to support a family or prioritize your retirement account over "Great Investment Opportunity!!!" you won't have this kind of luck. But if you've got nothing left to lose, you just might have what it takes to become a billionaire. Or you could be found dead on the side of the road in the spring thaw. Probably that.

    6. Re:Jokes aside, it's not hard by Anonymous Coward · · Score: 0

      How to Make a Million Dollars by Marshall Brain

    7. Re:Jokes aside, it's not hard by dryeo · · Score: 1

      You need the luck to be in a society that allows social mobility. Perhaps the majority of the worlds population doesn't have that luck.

      --
      https://en.wikipedia.org/wiki/Inverted_totalitarianism
    8. Re:Jokes aside, it's not hard by doctorvo · · Score: 1

      You need the luck to be in a society that allows social mobility. Perhaps the majority of the worlds population doesn't have that luck.

      Well, the majority of the world's population lives in Islamic, progressive, or socialist states; of course, they don't allow social mobility. Which is why we need to keep that crap out of the US.

      But here, we're talking about whether American nerds can emulate Bill Gates, not whether some goat herder from the middle of Sudan or Congo can overcome the self-created limitations of their society.

    9. Re:Jokes aside, it's not hard by thinkwaitfast · · Score: 1

      It's not personal.

    10. Re:Jokes aside, it's not hard by Xyrus · · Score: 1

      To get rich you need three things...

      No, you just need one thing. Luck. That's it. It is now an objective fact that you are more likely to be rich by being born to a wealthy family than you are through any amount of intelligence or hard work.Too much wealth is controlled by too few people, and the roadblocks in the way of you becoming one of the wealthy keep getting higher.

      Sure, people trot out these rags to riches stories but they are black swans (and most don't even start in rags). Upward mobility is generally a farce, and the "American Dream" has pretty much become just a dream over the past few decades.

      Hard work and being smart is usually enough to survive, and in time possibly even become well off. But to become independently wealthy is a whole different matter. You almost have better odds winning the lottery.

      --
      ~X~
    11. Re:Jokes aside, it's not hard by david_thornley · · Score: 1

      Last I checked, more progressive and socialist countries had more social mobility than we have.

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
    12. Re:Jokes aside, it's not hard by david_thornley · · Score: 1

      Vision is 20/20 in hindsight. In practice, some of them work and some of them don't. You can waste your life chasing a vision that doesn't work, and some people do.

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
    13. Re:Jokes aside, it's not hard by jonsmirl · · Score: 1

      Tesla - wireless power
      Einstein - unified field theory

    14. Re:Jokes aside, it's not hard by thegarbz · · Score: 1

      You're somewhat wrong on the third. Luck is something that the majority of rich people made for themselves. Genetic lottery is how the rich get super rich. The general rich on the other hand get there by what you call "luck" only due to the fact that you don't witness their many failures.

    15. Re:Jokes aside, it's not hard by Anonymous Coward · · Score: 0

      Yes/no. You need a lack of "bad luck" to get rich. Bad luck can really screw you over, even if you are hard working and intelligent.

    16. Re:Jokes aside, it's not hard by doctorvo · · Score: 1

      Last I checked, more progressive and socialist countries had more social mobility than we have.

      There are many forms of social mobility. We were talking about "absolute upward mobility" (getting rich). Absolute upward mobility is very high in the US, and low in progressive and socialist countries.

      You're absolutely right that progressive and socialist countries have high rates of relative social mobility: that's easy, you just have lots of people fall down (or pushed down) the social ladder to balance out lots of people moving up, with society as a whole stagnating. That's the bad kind of social mobility.

    17. Re:Jokes aside, it's not hard by slew · · Score: 1

      Some economist say that is not the case. there are plenty of people that worked hard, came up with the next new mouse trap and had some luck but completely failed.

      Instead they put it down to being able to overcome the fear of risk and uncertainty.

      I think if you query an economist they would say you have to actually take risks to get rich. Playing it conservative (just like any investment), isn't a recipe for higher than average returns.

      Part of the formula might be (depending on your personality) overcoming the fear or risk and uncertainty, but you actually have to take the risk itself, which even if you don't fear it, you might be too lazy to execute. That brings it back to where hard work is still somewhat required.

      Of course after you take the risk, you need a bit of luck too...

    18. Re:Jokes aside, it's not hard by Anonymous Coward · · Score: 0

      Look up social mobility. While obvious shitholes are pretty low on the list (Sudan, Congo etc. etc) of countries where social mobility is low it isn't true that progressive countries are low on that list. In fact they are the countries with most mobility.

      https://en.wikipedia.org/wiki/Social_mobility#/media/File:The_Great_Gatsby_Curve.png

    19. Re:Jokes aside, it's not hard by Anonymous Coward · · Score: 0

      By all accounts, Gates was raised to be ultra-competitive.

      His grandmother would come to visit and turn every activity into a competition.

    20. Re:Jokes aside, it's not hard by dryeo · · Score: 1

      Saw a study a while back (a year?) that showed that Canada had something like a couple of times the social mobility of America.
      They defined social mobility as moving from the bottom quintuple to the top quintuple of income.
      This makes sense as it is a lot easier to change jobs or start a business when you're not in fear of losing your healthcare and have other social support.
      Duckduckgo returns too many hits for me to look at them on my dial-up connection, but if you're interested in actual research instead of talking points, start here, https://duckduckgo.com/html/?q...

      --
      https://en.wikipedia.org/wiki/Inverted_totalitarianism
    21. Re:Jokes aside, it's not hard by doctorvo · · Score: 1

      Saw a study a while back (a year?) that showed that Canada had something like a couple of times the social mobility of America.

      We were talking about No, you don't need "luck" to get rich. You need "luck" only to get super-rich.. Someone then morphed that into "social mobility", and now you morphed it into "relative social mobility". You are a dishonest debater.

      They defined social mobility as moving from the bottom quintuple to the top quintuple of income.

      Which necessarily is balanced by equal downward mobility: when talking about relative mobility, you can't have one without the other.

      This makes sense as it is a lot easier to change jobs or start a business when you're not in fear of losing your healthcare and have other social support.

      The reason for Canada's economic success isn't its healthcare system, it's its greater economic liberties.

    22. Re:Jokes aside, it's not hard by j-beda · · Score: 1

      Ouch - time to move to Denmark....

      https://en.wikipedia.org/wiki/...

    23. Re:Jokes aside, it's not hard by david_thornley · · Score: 1

      Right now, I'm living a very comfortable lifestyle, which will continue in retirement. If I were rich, life wouldn't be that different. If I were poor, there's a fair chance I'd be dead or crippled by now due to lack of health care. (The hospital would have taken care of my heart attack, sure, but not rehabilitation, and I've had other health issues since.) I"m going to suggest that comfort and security are important, and being able to achieve those is more important than getting rich (which only a few do in any case).

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
    24. Re:Jokes aside, it's not hard by david_thornley · · Score: 1

      The reason for Canada's economic success isn't its healthcare system, it's its greater economic liberties.

      Got support for that? Universal health care looks to me like it would make it easier to advance economically.

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
    25. Re:Jokes aside, it's not hard by doctorvo · · Score: 1

      Got support for that?

      Plenty, e.g., here.

      Universal health care looks to me like it would make it easier to advance economically.

      Really? How does government forcing people to pay for healthcare (universal healthcare) help people advance economically? Got any support for that? Perhaps you are confusing "universal healthcare" with "healthcare financed through taxes", but even then, that's a dubious proposition.

    26. Re:Jokes aside, it's not hard by doctorvo · · Score: 1

      If I were poor, there's a fair chance I'd be dead or crippled by now due to lack of health care.

      Yeah, you just go on believing that.

      Right now, I'm living a very comfortable lifestyle, which will continue in retirement. If I were rich, life wouldn't be that different.

      Depending on your retirement plan, you probably are rich, you simply can't access the money.

    27. Re:Jokes aside, it's not hard by david_thornley · · Score: 1

      Universal health care obviously is paid through taxes, but literally every country with universal health care pays a whole lot less than we do. I'd happily trade $9K in personal expenses for a $6K increase in taxes (the approximate per-capita numbers for US health care and the second most expensive in 2014).

      I have no idea what you mean by that cite. It says that economic freedom and free-market capitalism are good things, and says nothing about health care except that it's better in countries with more economic freedom, which Europe leads in. That article doesn't address health care models at all.

      Universal health care is very useful economically in that it frees people up to take risks. If I leave a job that's providing good medical insurance for my family to start my own business, I'm risking the health of my family. If I lived in Germany, say, I'd just be risking the family financial position, which is less daunting. If I start a business and it grows, at some point I'm going to have to start offering group health insurance with company assistance to bring in good people. If I started one in Germany, that's one expense I would skip. Since the number of successful businesses is related to the number of people who start businesses, I'd say that barriers to starting one's own business impede economic progress.

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
    28. Re:Jokes aside, it's not hard by david_thornley · · Score: 1

      First, you know nothing of my medical history. I'm not talking generalities here, but specific things that could have killed or crippled me that were averted by good health care.

      I'm old enough to access all my retirement savings. I'm not rich by any sort of modern standards.

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
    29. Re:Jokes aside, it's not hard by doctorvo · · Score: 1

      Universal health care obviously is paid through taxes

      No, that's false. Both Germany and Switzerland have universal healthcare, but they are private insurance companies and private providers. The UK has universal healthcare, but it's a nationalized insurance program with nationalized providers. The US (since ACA) also has universal healthcare, provided as a mix of public and private insurance and providers. What you seem to argue for is something different from either, namely nationalized insurance with private providers, a system that is uncommon and extremely prone to abuse.

      but literally every country with universal health care pays a whole lot less than we do

      All countries pay a whole lot less than we do, both countries with and without universal healthcare, with public systems and with private systems. So, neither "universal healthcare" or "public healthcare system" are the causes of lower healthcare costs, since you can have lower healthcare costs without them.

      The way other countries keep costs down is through one of two mechanisms: government price controls and market mechanisms. Government regulations in the US have disabled both mechanisms. That is, the US government has disabled market mechanisms in private healthcare (through coverage mandates, mandates for preexisting conditions), and the US government is unable and unwilling to impose strict cost controls in the public system. In fact, costs in the public system in the US are even higher than in the private system. Not only is the US system costly, it also makes people sick. In a private system, a doctor might tell you "if you don't lose weights, you'll face expenses of $20000/year for diabetes and heart disease, or you will die", whereas in the US, the doctor will simply tell you "lose some weights and take these statins for free". Probably half of US medical expenses can be attributed to factors under people's control.

      We should go either to a UK-style nationalized healthcare system (with private add-on insurance) or a fully private system with little government regulation. By advocating socialized payments with private providers, however, you are advocating corruption and crony capitalism on a massive scale.

    30. Re:Jokes aside, it's not hard by doctorvo · · Score: 1

      First, you know nothing of my medical history. I'm not talking generalities here, but specific things that could have killed or crippled me that were averted by good health care.

      The good thing about the Internet is that you can just make shit up. But your specific medical history is irrelevant anyway, what matters is population statistics.

      Fact is that a large part of high US healthcare costs is due to preventable causes and lifestyle choices. The US has more deaths from cardiovascular disease than other developed nations not because our healthcare system is worse, but because people don't get enough incentives to prevent it. In fact, politics goes out of its way in the US to remove any such incentives.

      If you had a heart attack before age 65, it was probably preventable. And the way to prevent it is not to tell people at age 30 "you really ought to eat less and exercise more, but don't worry, you're covered no matter what, and here are some expensive pills that may help", the way to prevent it is to tell people at age 30 "if you don't lose weight now and exercise regularly, you won't see your 60th birthday because nobody is going to pay the cost of treating your heart disease and you probably can't pay for it yourself".

  10. Article seems to say the opposite of the headline by Anonymous Coward · · Score: 0

    Do imitate Bill Gates, but imitate the right aspects.

      - Enter a field which your background gives you ready access to when others have limited access
      - Use connections to get work where you can
      - Provide skills which others are less-able to
      - Come up with something to be a "first mover" on, and do that.

    Whether or not you want to get rich, that's just good life advice.

  11. Utter socialist tripe. by Anonymous Coward · · Score: 0

    Because Bill Gates didn't do any ACTUAL work or have any programming knowledge or was a total nerd or could negotiate properly or even present not only a workable solution and product to IBM but one that was SUCCESSFUL.
    He just got it all because mommy and daddy bought it for him.
    Luck and opportunity is a factor in EVERY successful decision in life including work, wealth AND love and happiness. But without the self-improvement, the desire to achieve and the actual HARD WORK you will NEVER be successful - even if mommy and daddy keep trying to buy it for you.

    1. Re:Utter socialist tripe. by thinkwaitfast · · Score: 1

      Gates wrote one of the original BASICs and remained one of the top coders at Microsoft throughout his career up past the $100million point.

    2. Re:Utter socialist tripe. by david_thornley · · Score: 1

      Gates would have done well for himself in any case, once he founded Microsoft. We'd remember him as a computer pioneer. He was very smart, worked hard, had no problem capitalizing a business, and got into the right school to drop out of. We'd remember his name like we remember other pioneers of personal computing, but he would never have had a billion dollars without having lucky breaks and being ruthless enough to exploit them.

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
    3. Re:Utter socialist tripe. by thinkwaitfast · · Score: 1

      Just like Ed Roberts.

  12. Re: Step 1 to being like BG has nothing to do wit by Anonymous Coward · · Score: 0

    For some zesty penis = success?

  13. Success is just statistical by Anonymous Coward · · Score: 0

    Success in general is statistical and not deterministic. Ask any venture investor who supports dozens of startups. Look at hedge funds creating investment portfolios of various risks.

    You can do everything determenistically right as everybody else and achieve the same results, but in this case (your success) = (total wealth on that pass) / (number of people who follow that pattern of behavior)

    You may take risk and try something else, but in that case you don't know final (total wealth) on the pass you choose and it may be just ZERO, since you are pioneer and your results are not known yet.

    Now we are coming to general concepts of free market economy and social lifts in society. At the moment social lifts are all time worst. Any new business in recent decades stays unprofitable for 10-20 years, supported by venture capitals, that means if you try to start something yourself without investors money expect to work for free for 10 years at least, before you achieve minimal visibility on the market. if you go for investors money, that means rich stay rich you you will stay where you are.

  14. trash article by Anonymous Coward · · Score: 0

    Who writes these trash articles. In America if you succeed you can become wealthy. Plain and simple. Nobody does it for you or gives you and advantage. Everyone is on an equal playing field. Everyone!

  15. how about by doctorvo · · Score: 1

    How about being like Steve Jobs? Or like Larry Ellison? Or like Sergey Brin? How about the millions of tech millionaires that came to the US as immigrants, often growing up poor? The real "privilege" that Bill Gates had was that he came from an intact, high IQ, two parent family that valued education and hard work. It probably also helped that he got out of the soul crushing US public education system early.

    The real reason that you shouldn't try to be like Bill Gates is simply that trying to become a billionaire requires taking lots of risky bets. But becoming a multimillionaire is something pretty much any family can prepare their children for, provided the parents make the right choices early on.

  16. Rich gets richer... by Anonymous Coward · · Score: 0

    ...poor gets poorer. News at 11.

    The illusion that yu can jump social layers is like that of lotteries. Yes, someone sometimes wins a prize, but remember: the chances are less than to be struck by lightning while playing golf... for which you gotta be rich in the first place.

  17. If you just work hard enough you can do it too by bravecanadian · · Score: 4, Informative

    You'll be super rich and successful too, honest. Just listen to all the successful people who believe this...

    Sure, hard work is part of it, but as this article points out it is only part of it. Coming from the correct womb and happening to be in the right place at the right time seems to have a lot more to do with it.

    There are plenty of people who work their asses off and get no where.

    1. Re:If you just work hard enough you can do it too by Anonymous Coward · · Score: 0

      Relevant Dilbert, on luck and hard work: http://dilbert.com/strip/2012-12-30

    2. Re:If you just work hard enough you can do it too by doctorvo · · Score: 1

      Sure, hard work is part of it, but as this article points out it is only part of it.

      Correct.

      Coming from the correct womb

      Correct again. But "the right womb" isn't the womb of a millionaire or billionaire woman, it's the womb of a woman in a stable marriage with a good husband, the womb of a woman who values education, and instills the right values in her kids.

      and happening to be in the right place at the right time seems to have a lot more to do with it.

      Being in the right place at the right time isn't luck, it's planning, education, and hard work.

    3. Re:If you just work hard enough you can do it too by Anonymous Coward · · Score: 0

      Actually, as a wealthy person I doubt that any of my fellow wealthy would say this.

      What they would say, however, is given enough time, anyone can be wealthy. I'm 45 years old and have a net worth, statistically speaking, of just about everyone else on the planet. I look at every 18 year old as wealthier than me - the problem is the vast majority of them will squander their wealth and end up at my age begging for single payer.

    4. Re:If you just work hard enough you can do it too by Anonymous Coward · · Score: 0

      but you know tha everybody has different destinies from the creator

    5. Re:If you just work hard enough you can do it too by Anonymous Coward · · Score: 0

      Depends on what you mean by "get no where". I new a guy who did nothing but clean gutters, roofs and chimneys. He worked 12-14 hours a day, 7 days a week. Investing his profits carefully in the stock market. Last I talked to him he had over 3 million. He recently fell off a roof and died :( Not sure what my point was.

    6. Re:If you just work hard enough you can do it too by david_thornley · · Score: 1

      But "the right womb" isn't the womb of a millionaire or billionaire woman, it's the womb of a woman in a stable marriage with a good husband, the womb of a woman who values education, and instills the right values in her kids.

      You described Mom. Both of her kids have done well in life. Neither is rich (a million or two in savings isn't rich nowadays).

      Being in the right place at the right time isn't luck, it's planning, education, and hard work.

      If that were the case, people with planning, education, and hard work would find the right place at the right time and get rich. It doesn't happen often.

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
    7. Re:If you just work hard enough you can do it too by Anonymous Coward · · Score: 0

      Nobody forced you to buy Windows.

    8. Re:If you just work hard enough you can do it too by doctorvo · · Score: 1

      Being in the right place at the right time isn't luck, it's planning, education, and hard work.

      If that were the case, people with planning, education, and hard work would find the right place at the right time and get rich. It doesn't happen often.

      It happens all the time: the number of millionaires (not including primary residence) is growing rapidly in the US; if you include the primary residence, it's even more.

      Becoming a millionaire in the US is so straightforward that it's almost boring: pick a profession like accounting, lawyer, doctor, contractor, be responsible with your money, and work hard.

    9. Re:If you just work hard enough you can do it too by david_thornley · · Score: 1

      Saving a million or two by retirement is no longer being rich. It's not a difficult feat for an upper-middle-class household. When I was young, a million dollars was a lot more money, and I read a magazine article dismissing those who merely saved a million dollars as not being real millionaires.

      Mom's kids both are looking at extremely comfortable retirements. They aren't rich.

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
    10. Re:If you just work hard enough you can do it too by doctorvo · · Score: 1

      Saving a million or two by retirement is no longer being rich.

      Given that the mean retirement savings of people near retirement age is $163k, it is. It is also a lot of money in absolute terms, in particular given that it is in addition to Social Security.

      It's not a difficult feat for an upper-middle-class household

      So you agree then that getting rich isn't difficult.

    11. Re:If you just work hard enough you can do it too by david_thornley · · Score: 1

      I agree that, if one can get high-paying employment, amassing a million or two in savings over one's working lifetime isn't that difficult. I disagree that that counts as being rich.

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
    12. Re:If you just work hard enough you can do it too by doctorvo · · Score: 1

      I agree that, if one can get high-paying employment, amassing a million or two in savings over one's working lifetime isn't that difficult. I disagree that that counts as being rich.

      The median family savings close to retirement age are $17000, and average savings are $163000, so having 10x-100x of that saved certainly makes you rich, your personal delusions notwithstanding.

  18. Re: Step 1 to being like BG has nothing to do wit by Anonymous Coward · · Score: 0

    Kid in slums - rap music - it has happened
    Charisma - tony robbins
    Getting the right people - steve jobs

    Yes, 99% of people cant find their special purpose that's why they are 1%. Most 1%ers have an obvious special circumadtance, but Navin R Johnson found his special purpose, You can too!

  19. I know an internet flowers company CEO by kfh227 · · Score: 1

    It's like 1-800-flowers.

    They are the 4th largest company in the USA doing this. It started in 2006 I think. He said he'd never be able to do the same startup today. He struck early enough that he could enter the market. Today it is saturated. Timing is a big part of it.

    Imagine Warren Buffett if he were born on an island where hunting skill was valuable. He'd be poor. The best hunter would be the wealthy one. Don't ignore the place you live.

    1. Re:I know an internet flowers company CEO by Anonymous Coward · · Score: 0

      That's not true. You you want to create a online flower company today you still can and become very profitable.

    2. Re:I know an internet flowers company CEO by bravecanadian · · Score: 1

      Imagine Warren Buffett if he were born on an island where hunting skill was valuable. He'd be poor. The best hunter would be the wealthy one. Don't ignore the place you live.

      Warren Buffett makes this point often when talking about his good fortune.

      He acknowledges how lucky he was to be born into the circumstances he was and also at the time he was..

  20. Just close enough to the truth to be misleading. by feenberg · · Score: 4, Insightful

    It is true that there are a lot of people that claim that since monopolists are successful and charge high prices for poor products, you can become successful by charging high prices for a poor product. That generally doesn't work for non-monopolists. On the other hand, the emphasis on Bill G's parents does ignore the fact that IBM offered the same opportunity to Digital Research, which turned them down. And IBM offered a word processor of its own - can't have more advantages than that - and it failed in the marketplace. It also offered an OS - what happened to that? Maybe it was higher quality than Windows, but it was 10 times as expensive and the only print driver it came with was for a single dot-matrix printer.

  21. Re:Jokes aside, it is! by Anonymous Coward · · Score: 0

    You forgot to add time and the ability to work hard uninterrupted without money while it takes time for the hard work to deliver. Hopefully any family commitments or responsibilities don't interfere while this is in process. It could take a lifetime to build real wealth.

    Also you need to be pretty well educated with access to capital, McDonald's workers also work hard but that's not getting them far.

  22. Re:Article seems to say the opposite of the headli by computational+super · · Score: 1

    Don't imitate the dropping out of college part.

    --
    Proud neuron in the Slashdot hivemind since 2002.
  23. Re: Step 1 to being like BG has nothing to do wit by Anonymous Coward · · Score: 0

    BS, unless you live in a hole in Botswana you have education readily available. If you want to know something "innately", just pay attention in school, at work, in nature.

    There are charismatic people everywhere, poor or rich. People throw their bodies at "cool/charismatic" men and women every day. From a pimp to a preacher, to a narcissitic CEO or politician- charisma gets you anywhere you want to be on rails.

    You can start a nonprofit with nothing, con volunteers into giving you free labor and build an empire fast. Knowing how to put the right people together with no capital outlay is a pretty common way to move up.

    I can't believe people actually think like your post reads. I guess that explains why so many people work for $10/hr and never reach for anything else. Then bitch about not having opportunities?

  24. ROM BASIC not DOS by Anonymous Coward · · Score: 1

    It was Microsoft BASIC that was shipping in most brands of home computers that attracted IBM's attention. He didn't even approach IBM about DOS, it was IBM that approached him leaving him to fib and scramble to purchase the rights.
    I really doubt it was his mother's social connections when he was already an established player in an industry that IBM was trying to enter/overthrow.

  25. There are other succesful millionaires. by 91degrees · · Score: 1

    Bill Gates did have a bit of luck. But that accounts for the difference between being a billionaire, and being the richest man in the world.

    He has certain personality traits that make him successful in business. You see this amongst a lot of successful people. A lot of it comes down to arrogance, competitiveness, and aggression, as well as a a certain level of intelligence, and low aversion to risk. You'll see this in other people who are successful too. Not just other silicon valley millionaires, like Steve Jobs and Mark Zuckerberg but people like Richard Branson, and Ikea founder Ingvar Kamprad. It's a mentality thing.

    1. Re:There are other succesful millionaires. by sl3xd · · Score: 1

      A lot of it comes down to arrogance, competitiveness, and aggression, as well as a a certain level of intelligence, and low aversion to risk.

      I see countless numbers of people who have all of the same characteristics at the local homeless shelter too. (Believe me, the majority aren't stupid, lazy, passive. Most drug abuse starts from a low aversion to risk, for that matter.)

      A low aversion to risk nearly always goes very badly unless -- like Steve Jobs, Mark Zuckerburg, or Richard Branson, you come from a family wealthy enough and forgiving enough to absorb the losses from your risk taking.

      The guys at the homeless shelter, on the other hand, are the guys who took a chance and didn't have anything to fall back on -- and lost everything.

      The survivorship bias perpetuates the myth - it's far less glamorous to learn from the mistakes of "loser's" than it is to idolize the "winners".

      --
      -- Sometimes you have to turn the lights off in order to see.
    2. Re:There are other succesful millionaires. by 91degrees · · Score: 1

      Alan Sugar grew up in a council house. Oprah Winfrey was born to a single mother.

      Yes, there is a survivorship bias, but you'll also see this trait in people with multiple successful ventures. They also have a lot of failures, they know how to deal with risk.

  26. Lies ! by Anonymous Coward · · Score: 0

    All lies ! Bill Gates got were he got at his own merit, nobody else's. He could do it again. You can drop people like Bill Gates in the middle of the fucking desert when they are a baby and they will still be fucking rich in the end. It's completely their own merit and skills

    I'm always amazed at how many people actually believe this shit...

  27. Re: Step 1 to being like BG has nothing to do wit by Opportunist · · Score: 1, Insightful

    Again, playing the lottery has higher success rates than that.

    This is basically what's wrong in the country today. Until not so long ago, you could actually get to a comfortable life by being productive, working hard, giving something useful to the community. Not rich, mind you, that still took a lot of luck, that special "right place at the right time" kind of luck. But you could actually get somewhere. A single working person in a family of 4 could sustain them. Buy a house, have a car, see your kids grow up right, all that stuff. That actually worked out.

    Somewhere in the last 40ish years that changed. Today, both parents HAVE TO work just to make ends meet. And you're not getting anywhere, it doesn't improve, you work your ass off and it's not going anywhere. You rent a tiny apartment because buying a house is simply out of the question. Where you used to progress slowly but steadily, you now struggle just to stay afloat.

    The american dream is dead. Or rather, it changed. It went from "work, innovate, become your own boss and you too can one day be rich" to "screw that, play the lottery and hope for the best".

    --
    We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
  28. Summary by Alain+Williams · · Score: 1

    Choose your parents well.

  29. The poor stay poor, the rich get rich news at 11. by Anonymous Coward · · Score: 0

    Malcom Gladwell pointed this out in his book tipping point several years ago. Bill Joy of Sun fame and Steve Jobs were similarly situated and owe a great deal of their success to their starting position on the chess board.

  30. I have a book on how to become rich. by Anonymous Coward · · Score: 0

    I have a book on how to become rich. It is written you have to write down your reasons to become rich, and start making written plans, and praying God to make your enterprise sucessfull. Good luck !

  31. Pfft by Centurix · · Score: 1

    I can jump a chair

    --
    Task Mangler
  32. A Book Report on "Outliers" by Malcolm Gladwell by Anonymous Coward · · Score: 0

    This article is a rehash of material written almost 10 years ago by Malcolm Gladwell. It's a nice reminder, but news it ain't....

  33. Re: Step 1 to being like BG has nothing to do wit by Anonymous Coward · · Score: 0

    Opportunist is a total loser, like most here. Why else would they be here?

  34. Re:Jokes aside, it is! by Anonymous Coward · · Score: 0

    How do McDonald's workers work hard? Is it the same working hard as someone who lays bricks or someone who spends 80 hours a week studying differential topology in a library or 90 hours a week alone in a basement writing data analysis software?

  35. To get rich you... by Anonymous Coward · · Score: 0

    1> Have to be born in to it.

    2> Be EXTREMELY lucky.

    3> Not have any empathy when it comes to stepping on others.

    Outside of that anything anyone else will tell you is complete bull because if they are already rich they certainly don't want you figuring it out and taking away their piece of the pie. That being said, if you aren't rich, your cattle for those that are to herd around economically.

  36. Re: Step 1 to being like BG has nothing to do wit by laupark · · Score: 1

    success isn't a game "most people" win. Success doesn't care if everyone gets it or no one gets it. The story is about the possibility of success occurring again, not probability.

  37. Re: Thomas Watson, Sr by Archtech · · Score: 2

    "...NCR assigned Watson to run the struggling NCR agency in Rochester, New York. As an agent, he got 35% commission and reported directly to Hugh Chalmers, the second-in-command at NCR. In four years Watson made Rochester effectively an NCR monopoly by using the technique of knocking the main competitor, Hallwood, out of business, sometimes resorting to sabotage of the competitor's machines.[6] As a reward he was called to the NCR head office in Dayton, Ohio.[4]

    "In 1912, the company was found guilty of violating the Sherman Antitrust Act. Patterson, Watson, and 26 other NCR executives and managers were convicted for illegal anti-competitive sales practices and were sentenced to one year of imprisonment".

    https://en.wikipedia.org/wiki/...

    Yes, emulate Watson by all means. But make sure you have some good lawyers - and, above all, invest in some legislators.

    --
    I am sure that there are many other solipsists out there.
  38. Re: Step 1 to being like BG has nothing to do wit by war4peace · · Score: 1

    Depends what your definition of "success" is.
    Owning a house, a car and being able to sustain your immediate family by yourself is now falling very much into the definition of "successful". 40 years ago it was "standard"; nowadays it's "successful".

    --
    ...gis sdrawkcab (usually not responding to ACs; don't bother posting as AC)
  39. Risk vs Reward by Dareth · · Score: 1

    Once you get to middle class status, which in the US you can do on two college level salaries, you are less willing to "risk it all" to get 10x wealthier.

    --

    I only look human.
    My mother is a halfling and my dad is an ogre, so that makes me an Ogreling
    1. Re:Risk vs Reward by cheesybagel · · Score: 1

      By that token then rich people wouldn't want to get richer either. But the reality is human greed is infinite.

    2. Re:Risk vs Reward by david_thornley · · Score: 1

      Greed is essentially unlimited. When money becomes irrelevant to your lifestyle, because you can buy anything that's on sale that you want, it serves as a way of keeping score among your peers.

      However, wealth, like most other things, comes with diminishing returns. I live a very comfortable life, and it wouldn't be all that much better if I earned five times as much as I do. (Not that I'd refuse it - see first paragraph). Also, humans hate loss more than they love gain.

      Also, in the US, success at some level can be life-or-death, because of the screwed-up health care system. If I've got a job with good medical insurance, given my recent health history, I wouldn't want to leave it.

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
    3. Re:Risk vs Reward by Anonymous Coward · · Score: 0

      Rich people don't have to risk their own money.

    4. Re:Risk vs Reward by JackieBrown · · Score: 1

      Sure. That's why no one rich goes broke...

      What a bitter world you live in.

      Anyone that steals or uses people do not risk their own money regardless of wealth.

    5. Re:Risk vs Reward by JackieBrown · · Score: 1

      I think it also comes to an apathetic and miserable life we live as well as being told constantly that we can't succeed because the deck is stacked against us. It's hard to even muster the energy to try to do better when this is how you feel.

  40. It's just luck by kbg · · Score: 1

    Yes the thing is most success is simply based on luck and also with how much money your parents give you and their connections. But mostly it is being at the right time at the right place with the right product. For every successful businessman there are million of others who failed, but not necessarly because they where bad but because they just where at the wrong time. If being successfull was only based on how much you where willing to work hard there would millions of Bill Gates running around.

  41. Re: Step 1 to being like BG has nothing to do wit by gnick · · Score: 1

    ...unless you live in a hole in Botswana you have education readily available. If you want to know something "innately", just pay attention in school...

    WTF are you talking about? That's a big, crowded hole. 57 million children isn't a huge piece of the population, but it's a hell of a lot more than a "hole in Botswana".

    --
    He's getting rather old, but he's a good mouse.
  42. Re: Thomas Watson, Sr by cheesybagel · · Score: 1

    Watson basically came clean out of that because he gave a lot to a local charity when there was some sort of natural disaster. I think he never served his sentence.

  43. But I WANT to imitate Bill Gates' life! by intnsred · · Score: 1

    What about those of us who want to imitate Bill Gates' life?!

    I want to start with being born a son of the richest banking family in the state of Washington. After all, being born rich is a good way to tweak the odds of success in life.

    The problem with my plan is Doc forgot the flux capacitor and so the time machine won't work...

  44. Re: Step 1 to being like BG has nothing to do wit by Anonymous Coward · · Score: 0

    I call BS.
    Both partners in a family "have" to work because they are not satisfied with what people not so long ago had. The problem is plain old greed.
    In 1981 the average house size was 1720 square feet. Average house size in 2017 2700 square feet. The number of people in 1981 that lived there? 3.4. In 2017 2.5.
    For most of my life as a kid we had one car and one TV. Now almost everyone over 16 in most families has a car (at least outside New York City). A lot of homes have a TV in just about every room except the bathroom (and they make special ones for in there.)
    And it goes on and on.
    My wife stopped working when our youngest was born. I have a house which is almost paid for, and never went underwater because I bought within my means and paid off a good percentage down when I bought it. I don't buy a new car until the one I have stops working. I pay cash almost always or have a plan when I barrow (often getting 0% or below market).
    I didn't borrow money to go to school, I let Uncle Sam (G.I. Bill) and my employer pay for that. (Got 3 Masters degrees.)
    I flat out did without if I couldn't afford it and still do if I don't need it and can't pay for it now.
    I've been lucky too, but often being lucky only helps if you're prepared to act on that luck.
    If you come from a poor family the best thing you can do is take advantage of the free education every American has up through high school. Do that and you'll probably find someone willing to pay for your college. It does mean actually working for good grades and actually giving up time wasting activities and loser friends.

  45. Re:Just close enough to the truth to be misleading by ZayJay · · Score: 2

    No, no, you don't want to disrupt the narrative that Bill Gates was the most evil man in human history that engaged in the most brutal of business practices right out of the Joe Stalin playbook. Really folks, I would never say the guy was a saint but there was a lot of market forces at play that tend to go unacknowledged in the PC story, and Gates may have played a little hardball, but he was hardly the Mafia Don that he is often portrayed as. ( As for that Anti Trust suite in the 90s I heard some of the stupidest technical discussions ever about the "browser market" as if it was a platonic entity that necessarily existed, and that by giving away IE MS was doing something evil. Really.) Now Gates is giving away Billions after Billions in Charitable causes and urging other successful billionaires to to the same. Bad Bill.

  46. Backed by the NSA & DOD by Anonymous Coward · · Score: 0

    The Microsoft monopoly was unbreakable because it empowered the strategic military goals of the country in ways that had never been imagined. When the Secretary of Defense travels across the country to visit you in your office, you can be pretty sure your on the right track.

    Some would argue that this is why Windows 10 continues to grow.

  47. Most obvious story of the year.. by Anonymous Coward · · Score: 0

    WHAT?? Being born on third base makes it easier to get home? YOU DON'T SAY?!?

  48. Re: Step 1 to being like BG has nothing to do wit by david_thornley · · Score: 1

    OK, how do I become charismatic? I do well enough. I have a wife and son I love very much, and I have some very good friends. I'm not inspirational. I can't read people enough to feed them what they want. (There was a time, before I was married, when I would have loved to have women throw their bodies at me.) If I can't learn to be charismatic, then knowing where charisma can get me does me no good.

    Since I don't have much charisma, and can't catch the flying bodies and put them to work for me, I don't see how I'm going to get a nonprofit going that will catapult me into the big time.

    Unless you're unusually smart (I am), anything you can learn, lots of other people can learn also. This puts you in a competitive market without a significant advantage, and you're not going to get rich that way.

    Most people aren't rich. If you are rich, there's one or more reasons for that. The reasons could be that you were born upper-class, that you're really lucky, or that you had exceptional (not ordinary) ability.

    --
    "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
  49. IBM customers forced to use Microsoft software by Latent+Heat · · Score: 1

    (from the grandparent post)

    They were forced, forced, I tell you. They would have much preferred to use a console version of JCL, but nooooo! They had to learn PC-DOS/MS-DOS.

    Yeah, yeah, Slashdot blah blah Unix (Linux didn't yet exist). DOS was pretty much a clone of TOPS-10 or any of a number of Digital Equipment Corporation OS's from the standpoint of the commands. The story was that young Mr. Gates stole online time on a PDP-10 timesharing service to become proficient in coding.

    I used PDP-8, PDP-11 and PDP-10 computers in school as well as my first engineering job out of school, and DOS was a very easy transition once I hacked that drive letter thing. Unix/Linux, not so much.

  50. That's rule #1... rule #2 is... by gosand · · Score: 1

    never ask for forgiveness.

    --

    My beliefs do not require that you agree with them.

  51. Re:Just close enough to the truth to be misleading by david_thornley · · Score: 1

    Did IBM offer the same deal to Digital Research, or did Gates get a better deal than they would have?

    --
    "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
  52. Personally by JohnFen · · Score: 1

    I find people who have a life goal of "being rich" pitiable.

    1. Re:Personally by Anonymous Coward · · Score: 0

      Why?

      "Business is the greatest game in the world. There are very few rules, and lots of competition. You keep score with money."
        – Nolan Bushnell

    2. Re:Personally by JohnFen · · Score: 1

      Because, as a life goal, it's empty and pointless. Worse than that, if achieved, it is likely to make you unhappy.

    3. Re:Personally by Anonymous Coward · · Score: 0

      I disagree unless it's your only life goal.

      Money can't buy happiness, but it can provide you with comfort, security, even luxury, and give you the free time to pursue happiness in whatever path you choose.

      Being rich as a life goal isn't mutually exclusive with other life goals (except perhaps a vow of poverty).

    4. Re:Personally by JohnFen · · Score: 1

      Perhaps it depends on what you mean by "rich". There is an ideal amount of wealth that increases your odds of happiness. However, if you go above that ideal amount, your odds of happiness decrease. It's essentially a bell curve.

  53. Please.... tell me more... by gosand · · Score: 1

    I really need to know all of the other things I shouldn't do if I want to become rich.

    Gates started out ahead of most people (not his fault) and was very successful. His "success" continued through shady (at best) business practices. There are lots of other rich people out there who have done similar things. He's super-rich, to the point that a million dollars is like $10 to you and me.

    I really would like to have enough money to not have to worry about it - but I am not about to resort to what it would take to maybe get it. Whether it is working 80 hour weeks, taking huge financial risks, foregoing seeing my kids grow up, being ruthlessly greedy, or being unethical. Sure, some people get rich without doing those things, but the only other one I have seen is what has been mentioned - being in the right place at the right time. I used to work for a guy who sold his internet company during the dot-com boom, and he made about $54MM. He started the company that I worked for, and he was a total ass. It eventually failed, but he is still doing just fine. He had so much cushion that the success or failure didn't really matter to him. His family was also extremely wealthy. I've also known people who struggled with startups and failed. The only difference between them was maybe timing and having a huge safety net to fall back on. So even if he hadn't sold his startup at the right time, he would be fine.

    I don't chase money. Instead, I focus on trying to be happy. Money might make me happier, but I don't need to be rich. All of the people I've known who were wealthy, or wanted to be wealthy, were pretty much assholes.

    --

    My beliefs do not require that you agree with them.

    1. Re:Please.... tell me more... by JohnFen · · Score: 1

      Money might make me happier, but I don't need to be rich.

      There is a sweet spot of wealth that will facilitate happiness. It's an amount that is high enough that you don't have to worry about how you're going to put a roof over your head and food on the table, but not so high that it becomes a focus of your life.

      Have not enough money or too much money increases the likelihood that you will be unhappy.

      What the "correct" amount is depends on where you live.

      In the US, if you average across the whole nation (which is stupid because there's too much variation, but still), the perfect level of income works out to be a bit under $100,000/yr

    2. Re:Please.... tell me more... by gosand · · Score: 1

      I would say it also depends on your situation. If you have a wife and three kids, you probably need more than if you are single or just have a spouse.

      And money certainly doesn't guarantee happiness. I try to focus on relationships with my family, those are much more likely to return on the investment.

      --

      My beliefs do not require that you agree with them.

  54. Special circumstances happen all of the time by Anonymous Coward · · Score: 0

    Bing The Key. Figuring out what Special circumstances are happening and if they are an opportunity. But Not everyones Special circumstances can lead to riches. It is like cards. some days they just are not in your favor.

  55. Geek Mythology. by westlake · · Score: 2

    Microsoft was selling customized microcomputer BASICs to Fortune 500 clients in the mid seventies. MBASIC was the first product for the micro to reach a million dollars in sales. By 1980, Microsoft was offering a full suite of programming languages for CP/M and was moving into operating systems before being approached by IBM. The notion that Microsoft was am insignificant or invisible player in the industry before the IBM PC is just plain nonsense.

    What Gates offered IBM was a serviceable and perhaps more importantly a uniquely affordable 16 Bit CP/M clone + MBASIC, etc., in time for the scheduled launch of the IBM PC. I doubt that the IBM PC team gave a damn how Gates sourced or developed the package so long as it was ready on time.

  56. Schmooze + Steal + Monopolize = success by Anonymous Coward · · Score: 0

    It is almost true that Gates was handed a franchise on a silver platter. Most significantly he knew exactly what he was getting and had the vision to see it to fruition.

    His path to success included illegalities, including plagiarizing Novell's LOGIN.EXE program in a key part of Windows 3.11 (W4WG) authentication.

    This was on the heels of scamming Stac corp out of the licensing rights for disk compression in DOS 6, essentially stealing a product.

    The first version of "Microsoft Video for Windows" was also a stolen product, literally a line-for-line plagiarism of Apple's Quicktime. In this case the theft was performed by a Microsoft contractor who had a source license for Quicktime. IMHO it's completely implausible to suggest Microsoft didn't know about the theft before publishing.

    People forget about these details, but they do remember Microsoft being declared "a monopoly" in court, and that a federal judge found that Microsoft had harmed consumers. Microsoft was preparing to be split up AT&T style but a presidential election spared them this fate, it was widely perceived at the time.

    https://www.justice.gov/atr/competitive-processes-anticompetitive-practices-and-consumer-harm-software-industry-analysis

    http://userwww.sfsu.edu/ibec/papers/36.pdf

    Then they had to go and try to stake a claim on Linux, via their disingenuous proxy, the SCO Group.

    IMHO the main reason not to imitate Bill Gates is that much of what he and his company did was morally wrong.

    To be fair, a great many companies were and still are far worse morally, including many or possibly most large banks - and suc^H^H^H savers trust those with their money.

  57. Re: Step 1 to being like BG has nothing to do wit by Anonymous Coward · · Score: 0

    If you want to know something "innately", just pay attention in school, at work, in nature.

    That is literally the opposite of "innate." It does however demonstrate the real key to success - pulling things out of your ass and convincing others that you speak the truth. That basically sums up the rest of your "special circumstances" too. Your path to success is probably more likely to lead to jail. No thanks, I'll take a comfortable life and a clean conscience over that any day.

  58. Meh by Anonymous Coward · · Score: 0

    There were always serious alternatives: Macintosh, Atari, Amiga and lots of minicomputer and mainframe systems.

    People just liked to easily steal software (including myself) and the easiest way to do that was to use MSDOS.

  59. Atari, Amiga, Macintosh by Anonymous Coward · · Score: 0

    ...were in many ways superior to MSDOS. For starters, they had a linear address space instead of the BF. that was the x86 segmented memory model.

  60. Yeah by Anonymous Coward · · Score: 0

    Maybe the children of Bill Gates can live like that - while they burn through the inherited wealth.

    Gates certainly worked hard to get where he now is. The fact that he grew up in a wealthy household does not change this fact. Neither do his semi-criminal activities change that fact. The businessworld is full of sharks who operate at the borders to crime. But you cannot be lazy to achieve that. Hard work is one precondition for wealth.

  61. Plus: Intelligence, Pragmatism, Fighting Skills by Anonymous Coward · · Score: 0

    Of course hard work in itself does not assure wealth. You must make intelligent decisions, be pragmatic and you must fight for YOUR products and services. Lots of lamer companies such as HP trashed their own products in favor of MS, Intel and Oracle products. Defeatism at work(TM).

    You must be a fighter who sticks to your own ideas and strategies, even when you experience setbacks. MS had shitty products, but they would still stand behind them and improve them until they were better than the competition at similar pricing.

    Ballmer was not the smartest guy, but he was a fighter, not a defeatist like senior HP figures.

  62. LOL: everybod is missing the point by Anonymous Coward · · Score: 0

    BG could pay his employees in stock and did not report it as expenses to the. This loophole is closed.

    I am sure BG would be very successful without exploitin this loophole. But he would not be that successful.

  63. Plus: Groupthink by Anonymous Coward · · Score: 0

    Many people avoid opportunities by allowing groupthink guide their decisions. Many people would have told their children to "join the safe company IBM", instead of taking the risks Gates took. And most young adults comply with that advice.

    New business models require you to brush against the established groupthink. And it is hard to challenge the status quo. Many people have a load of reasons why they do not want to do that, including "social responsibility". I can hear the moaning against Uber here all the time. Are taxis so great ? No, Uber shakes up an inefficient industry, a monopoly.

  64. legal by Anonymous Coward · · Score: 0

    Short version: Gates and the rich have access to capital poor people don't have because of laws passed and enforced by your communist governments.

  65. "lucked" by Anonymous Coward · · Score: 0

    Did he also "luck" into Windows NT ? Was it a coincidence he knew Dave Cutler was a top notch OS designer ?

    He then proceeded to "luck into" Sybase to create MSSQL ?

    Of course he is a mortal, of course he did a load of nasty business actions, but he also was a clever businessman who hired the people who could do he could not do himself. He amassed the capital to hire these first class people/teams. He knew how far he could cheat while not going to jail. It was not luck, it was great skill.

    1. Re:"lucked" by david_thornley · · Score: 1

      What was remarkable about NT? It was a logical progression. So was adding a database to form a full stack. There's a difference between foreseeing something and following a progression.

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
  66. Re: Thomas Watson, Sr by nukenerd · · Score: 1

    Watson basically came clean out of that because he gave a lot to a local charity when there was some sort of natural disaster. I think he never served his sentence.

    That sounds like Gates too.

  67. Not "inertia" but momentum by zapadnik · · Score: 0

    This created an inertia in Microsoft's favor.

    Bah! not "inertia" but *momentum*. Inertia is the apparent result of conservation of momentum. We often think of inertia as 'resistance' to change in momentum, but really it is just the label we use for the idea that momentum won't change without application of a force.

  68. Well by Anonymous Coward · · Score: 0

    Google: Search Engine. They were not even first, but fourth. They just applied state of the art techniques.
    Facebook: Only the idea being somewhat innovative. Implementation straightforward

    Both from almost no capital.

  69. Uber is not profitable, never been, no hope either by Optic7 · · Score: 1

    There's a whole series of articles on this at Naked Capitalism:

    https://www.nakedcapitalism.co...

    Uber Has Operating Losses of $2 Billion a Year, More Than Any Startup in History

  70. Good Old Slashdot by Anonymous Coward · · Score: 0

    Hating on Bill Gates and Microsoft is still alive and well on Slashdot after all these years. I guess it's the only thing the couple dozens of old farts that still use this site still have going on in their lives.

  71. Survivorship Bias by rechtco · · Score: 1

    Gary Kildall of Digital Research was well-known within the industry for his CP/M operating system at the time and CP/M was the obvious first choice for IBM PC's. Seatle Computer Products was also shipping boards with their own QDOS developed internally by Tim Paterson. IBM would have known of both these operating systems since they were available in the computer hobbyist marketplace. It is believed IBM was negotiating for CP/M before it felt the need to seek out a second source for its operating system. It is unclear why IBM let Gates negotiate for QDOS instead of directly negotiating for the operating system. IBM offered CP/M along with Gates' version of QDOS (MS-DOS) with its initial PC's. IBM priced CP/M at $240 and MS-DOS at $40. It appears that IBM was willing to pay per unit sales royalties to both companies. It is believed that CP/M's higher price was based on Kildall's demand for much a higher unit royalty payment than Gates demanded. Gates became rich because IBM offered royalty payments instead of buying all rights to the software. IBM also produced a computer that could be made by third parties such as, Compaq, Dell, Gateway and many others, which allowed for increase MS-DOS sales and later increased Windows and Office sales. Kildall did not have the privileged background that Gates did. Easier and quicker negotiations at a lower unit price by Kildall with IBM would have prevented Gates' early PC operating system success. Even without IBM's use of MS-DOS, Gates may still have achieved his wealth since it was Windows and Word (and the Office suite) which were the products that may him very wealthy and not MS-DOS.

  72. Who cares? by thunderclees · · Score: 1

    BillWG didn't care about dropping out of school and starting M$ as his old man made millions stealing from people pensions. It has been fashionable for wealthy tech types to embrace the lowly startup in a garage thing even if it is far from the truth. It is nice that Bill & Melinda Gate Foundation is helping people. Bill probably needs the write-off and maybe the whole "more evil than Satan himself" thing struck a nerve.

  73. State the obvious by JThundley · · Score: 1

    I can't believe nobody is stating the other obvious here: you shouldn't try to get rich by imitating Bill Gates because it's illegal.

  74. Re:Just close enough to the truth to be misleading by feenberg · · Score: 1

    You can see details of Digital Research losing out to MS/DOS here:

    http://www.digitalresearch.biz...

    and it is clear that DR had plenty of "opportunity".

  75. Re: Step 1 to being like BG has nothing to do wit by Anonymous Coward · · Score: 0

    If you live in that hole, you can recognise another special circumstance that involves an opportunity other than higher learning. Could be scamming aid agencies or becoming a warlord, or selling majic beans who the F knows. That's what makes it special.

  76. I have a friend like this... by Anonymous Coward · · Score: 0

    Army Reserve Medic, deployed to Iraq, did her tour came home, went through all the hoops to become an entry-level licensed nurse, got stuck for 7 years as a cafeteria employee while they jerked her around about transferring to the nursing staff. Lost her cert (since she had no extra time while making ends meet to volunteer or work a part time job to keep her certification up.) Ended up quitting that job, moving in with family, finding another job that would pay for re-certification. Got recertified, had that place close down, then got part time work in that field, before getting a factory job that paid more to make ends meet.

    She's got some problems, but nothing that should have kept her from being able to move up in her field of choice every few years other than living in a shitty region (which she won't leave because her family is there.)

    From discussions I have had in the past, a lot of people are in similiar situations.

  77. Re: Canâ(TM)t stump the Trump! by Anonymous Coward · · Score: 0

    It really annoys you that we have an openly straight president, doesn't it? You heterophobe Nazi.

  78. Knew Jack Sams, who made the deal with Bill Gates by Anonymous Coward · · Score: 0

    I knew Jack Sams, but don't have time to describe his version of the story, so this will have to do: Triumph of the Nerds, Part 2, which tells part of what happened (from a certain point of view): https://www.youtube.com/watch?v=EiffgiRAYUI

  79. Re:Knew Jack Sams, who made the deal with Bill Gat by Anonymous Coward · · Score: 0

    And can you confirm that contrary to what most of the MS haters seem to believe, Sams didn't know about QDOS or Seattle Computer Products before he approached MS?

    People seem to think that Sams was given marching orders from the CEO to buy DOS from Gates, as a favor to Gates's mother. Which is, of course, historically impossible.

  80. Re:The poor stay poor, the rich get rich news at 1 by j-beda · · Score: 1

    Malcom Gladwell pointed this out in his book tipping point several years ago. Bill Joy of Sun fame and Steve Jobs were similarly situated and owe a great deal of their success to their starting position on the chess board.

    I think you are thinking of "Outliers".

    https://en.wikipedia.org/wiki/...

  81. Re:Just close enough to the truth to be misleading by david_thornley · · Score: 1

    Your cite claims that the IBM-DR negotiations probably failed for "good old boy" reasons, which suggests that Gates' mom's involvement in charity with an IBM exec probably was important.

    --
    "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
  82. Re:Just close enough to the truth to be misleading by Anonymous Coward · · Score: 0

    That source is just more of the saymo speculation and zero evidence...

  83. Re:Just close enough to the truth to be misleading by david_thornley · · Score: 1

    Which source was the one brought up by someone disagreeing with me. I like it when I can argue against someone based on their cites to some extent, but it doesn't teach me as much as well-reasoned opposition.

    --
    "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
  84. Re:Just close enough to the truth to be misleading by Anonymous Coward · · Score: 0

    It doesn't matter who brought up the source, since it doesn't offer any evidence, it doesn't support yours or anyone else's point of view on the matter.