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  1. #171
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    Quote Originally Posted by YouTuber View Post
    > how can one be determined to be determined?

    I think religion knows a trick or two about that, as it bans certain things, I reckon because it has learned that such behaviours/things effect determination.


    I wonder if there has been any studies to find out which things religions are right about ?
    Of course...there have been countless studies on this subject.....all that I'm aware of have come to the same or very similar conclusions.

    "We're all born with an innate sense of what is right and wrong"....Our early childhood upbringing, life experiences as well as societal (religious) pressures cause us to behave in somewhat predetermined ways...(right or wrong)....that we can change whenever we CHOOSE to.....We've always held the power....but freely, willingly and generally give it up to the biggest loudmouth, or those with the type of hats we like or are most comfortable with.

    Humans are great at the game of 'follow the leader'.....often at our peril...

  2. #172
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    Quote Originally Posted by SophicDrippins View Post

    The reason for this discussion is to answer the question of why we reward people for things they were merely lucky to possess and not what came about through accomplishment.
    We shouldn't, but how do you propose to do that? shame beautiful people or tall people? confiscate inheritance money?

    Anyway anything we do involves some luck; you can decide to work out in the gym every day but what if you have one gym in your town and it goes out of business? or if you get hit by a car on your way to the gym?

    The video you linked earlier give some clues - we start with 100% pure luck all variables are unknown, and then slowly but surely improve our predictability and reduce chance...

    If you open a new business lets say you have 10% success rate, you can open a store and sit on your behind all day and by sheer luck people come to your store and buy non-stop. chances are slim though...
    But if you manage your business correctly you increase the chances of success.

    "I am a great believer in luck, and I find the harder I work the more I have of it."
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  3. #173
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    Quote Originally Posted by HAL9000 View Post
    We shouldn't, but how do you propose to do that? shame beautiful people or tall people? confiscate inheritance money?
    I don't propose any action really; just increase awareness. The wealth divide is so far out reason and too many justify it claiming that some people are 400x better than average through their hard work and accomplishment.

    Is this guy 400x better than you?



    As Chairman & CEO at WELLS FARGO & CO, John G. Stumpf made $19,318,604 in total compensation. Of this total $2,800,000 was received as a salary, $4,000,000 was received as a bonus, $0 was received in stock options, $12,500,054 was awarded as stock and $18,550 came from other types of compensation.

    I'm sure there exists those who can manage a bank better than an average person, but not 400x better. Stumpf doesn't even seem to be average and appears to have no redeeming attributes. How do those nimrods fall into that kind of luck?

    Stumpf graduated in the bottom half of his high school class. His bad grades, combined with his limited family finances, resulted in Stumpf obtaining a job as a breadmaker in a Pierz bakery. After a year, Stumpf enrolled in St. Cloud State University on a provisional basis. He eventually obtained a job as a repossession agent at First Bank in St. Paul, Minnesota.[6]
    Stumpf earned his bachelor's degree in finance from St. Cloud State University, St. Cloud, Minnesota, and his MBA with an emphasis in finance from the Carlson School of Management.[7]
    https://en.wikipedia.org/wiki/John_Stumpf

    As far as I can tell, what he worked hard at was kissing the right butts. At best, it's a misallocation of resources and it's only going to get worse as robotics further fattens the ceos' wallets while the working class struggles for employment.
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  4. #174
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    "LUCK" is a myth perpetuated, embraced and believed in ...only by the animal known as Homo Sapiens...the self proclaimed 'intelligent' species...

    Its purpose and belief is mostly used to manipulate people (suckers) in some way these days....for the benefit of other people (Con Men)

    Luck is as much fantasy based as the belief in money or religion....IMHO

    However....that all being said I remain a firm advocate of "the Secret"....which is only the belief that "WE ARE WHAT WE THINK"......And "WE ATTRACT THAT WHICH WE FOCUS MOST ON" ....Some might call that luck or something else entirely....

  5. #175
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    > "LUCK" is a myth perpetuated

    > "WE ATTRACT THAT WHICH WE FOCUS MOST ON" ....Some might call that luck or something else entirely....

    Another perpetuated myth..


    > The Chaser's War on Everything - The Secret
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  6. #176
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    > I'm sure there exists those who can manage a bank better than an average person, but not 400x better.

    Actually I do think there are folk who can do things 400x better !


    > As far as I can tell, what he worked hard at was kissing the right butts.

    Sadly though, this is the reality of the world and the folk who can do things 400x better, aren't in as many of the right positions they should be !


    I reckon though that according to evolution, eventually those companies run by folk who are 400x better, should out-perform those companies where the person in charge got the job because they kissed the right butts..

    Reminds me of governments, as we recently had some elections here and it appears at least in my area, folk voted for the people who are more likely to do a good job, then the ones least likely to do a good job.

    But then, I live in a magical place. :-)
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  7. #177
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    > If you open a new business lets say you have 10% success rate

    I'm reminded of one place I lived where someone opened a florist, after 3 months it closed down, no one brought flowers locally..

    Now, if they had done any homework in asking local people if they would buy flowers or not, they would quickly find out that the local culture is not one that involves flowers. :-)


    Reminds me of a local business to me someone is thinking of starting up. (When I say thinking, I really mean, they appear to be actually going to try!)

    I've already checked and yes there are customers who want their product !

    But, they are not going to produce enough to meet demand, and charge a stupidly high price..

    Now, this particular company uses this same strategy in a lot of its product lines, and I reckon is why they have hardly any sales !

    I once brought one of their products by offering 1/3 the retail price, and they excepted. :-)
    (Another time I offered them 2/3 the price of a different product, and they refused, as such, a year later, it still sits on the shelf unsold!)

    But you would have thought any new business would at least buy a book on the ten things you need to do before starting your business..

    Checking your customer base is compatible with your product and pricing is kinda in the top ten I would have thought. :-)

  8. #178
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    > How do those nimrods fall into that kind of luck?

    This also applies:

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

  9. #179
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    Quote Originally Posted by YouTuber View Post
    > I'm sure there exists those who can manage a bank better than an average person, but not 400x better.

    Actually I do think there are folk who can do things 400x better !
    Better than average?

    I reckon just about every human could benchpress 25lb, but are there any who could bench 10,000lb?

    I suppose any human could run a mile in 30 min, but are there any who could do it in 4.5 seconds?

    Let's suppose someone has an IQ of 1 and someone 400x better would have IQ 400.

    Simply being twice better than average is pretty good (100 iq and 200 iq), but 400x times is ridiculous (iq 40,000).

    I can't think of any metric where someone can be 400x better than anyone... even the worst of the worst. But ceos get paid 400x the average pay of their own company as if there is any possible way they could be 400x better. Even 2x would be a stretch.

    I reckon though that according to evolution, eventually those companies run by folk who are 400x better, should out-perform those companies where the person in charge got the job because they kissed the right butts..
    It depends on the environment evolution is working under. Authoritarian systems breed good butt kissers.

    Reminds me of governments, as we recently had some elections here and it appears at least in my area, folk voted for the people who are more likely to do a good job, then the ones least likely to do a good job.

    But then, I live in a magical place. :-)
    What I hear is the magical people want back in the EU and are willing to withdraw from the UK to do it. Is that true?
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  10. #180
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    Quote Originally Posted by YouTuber View Post
    > How do those nimrods fall into that kind of luck?

    This also applies:

    https://en.wikipedia.org/wiki/Affirmative_action
    Yeah, but that particular blue-eyed nimrod is German and Polish. That's the master race, right?

    The new nimrod, Timothy J. Sloan, appears to hail from the UK area based on his name.

    I couldn't find much about him except that he's 400x better than people in wheelchairs with cancer:

    Wells Fargo CFO Tim Sloan makes $8 million a year and lives in a $5 million house in San Marino, a wealthy Los Angeles suburb. His bank is trying to evict Ana Wilson from her tiny home in blue-collar South Gate. Wilson, a wheelchair-bound woman with cerebral palsy and breast cancer, missed several mortgage payments while she was in the hospital. Frustrated by Wells Fargo’s refusal to renegotiate her loan, Wilson went to Sloan’s mansion to protest her mistreatment. San Marino cops arrested her. Putting Names And Faces To The 1 Percent: Wells Fargo's Tim Sloan | HuffPost

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