Musk seems to think Musk is a tech genius, but really he was just born into money and used it to buy a bunch of companies. In fairness he was able to recognise which companies to buy, doesn't mean he knows anything about databases though.

[–] Rogue@feddit.uk 31 points 8 hours ago* (last edited 8 hours ago) (3 children)

In fairness he was able to recognise which companies to buy

I think this is just survivorship bias. There are millions of wealthy individuals investing in companies every single day. Occasionally these gambles pay off and make people extremely wealthy.

Most of the time the people who succeed just spend their incredibe wealth and live a quiet happy life.

But there are others who crave attention. These individuals bully their way into prestigious positions and pretend that they're leading the company.

Elon is that kind of person. He started wealthy, bet his money on companies that succeeded. Then took the CEO role so he would get credit for the companys' successes.

If ever people dare stop paying attention to him he'll do something drastic to recapture the spotlight on.

He's the kind of person who will stand on stage and do a nazi salute just because he wants you to look at him.

[–] RejZoR@lemmy.ml 10 points 8 hours ago (1 children)

It's easy to gamble if money isn't yours. If your day to day survival depends on every dollar, then you don't have the freedom to dick around with investments.

[–] Rogue@feddit.uk 6 points 6 hours ago (1 children)

It's easy to gamble if money isn't yours.

To my knowledge Musk is gambling with his own money, not hedge fund capital or something.

If your day to day survival depends on every dollar, then you don't have the freedom to dick around with investments.

But, yes, this is correct. If you're extremely wealthy then you can keep gambling. If you fail you still have a million other chances. So you're kind of guaranteed to succeed eventually.

Whereas the common person has one chance. If they fail that's it.

[–] gamer@lemm.ee 4 points 4 hours ago

To my knowledge Musk is gambling with his own money, not hedge fund capital or something.

Well, he had to get financing from multiple banks to purchase Twitter

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