Study of Selfmade Billionaires is the Study of Black Swan

 









This is my youtube link on this topic
https://www.youtube.com/watch?v=ca1_HWurRUg


Nassim Nicholas Taleb is author of the book "Black Swan"

 

Statistics:  How rare is Selfmade Billionaires?

Millionaires are not rare,  in US, about 5% of all people are millionaires.
So, in any major metropolitan area, if you walk on the street, about 10% of the people you run into are millionaires.   That means you see hundreds to thousands of millionaires every day.

 








Why are Selfmade Billionaire so rare?
There are 2 reason: 
#1  Their thinking and view of future is different from 99% of the population
#2  They had to compete and win over giant corporation that is 10,000X bigger.
E.g. Steve Jobs and Steve Wozniak vs IBM, that is 2 vs 100,000.
And Steve Jobs won with Apple 1 and Apple 2. 

 

Steve Jobs Middle Finger IBM