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Comment by bsanr2 | Hacker News Reader

Tl;dr Poor people (and racial and ethnic minorities, and women, and queer folk) are not dumb. They just have to turn their equal cognitive resources towards things other (and more fundamental to survival) than their magnum opus/business idea/etc. Those who overcome this are HIGHLY effective, but it's not fair that we ask it of them. That's not how an effective or efficient or just society runs, and we leave money on the table and room for any adversaries we might have to maneuver when we doom whole classes of people to constant, pervasive desperation.

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Well-said.

Can you blame the author for being overweight and not wanting to put up with feeling self-conscious at the gym? Being poor can push you to your limits even just trying to survive every day, not to mention be an effective worker, and being a good parent/spouse/partner/friend/family/etc to whoever is in your life. Doing 45 minutes of cardio while also feeling like an outsider is just not in the time or energy budget.

And when you worry about the possibility of someday not being able to afford food due to some extend unemployment episode, when you feel vulnerable any time you hear the word "recession" on the news, it is hard to convince your body not to eat as much as possible now, while food is abundant.

I recommend the book Scarcity for anyone interested in learning more about the psychology behind this. It was written Mullainathan and Shafir, both stars in their respective fields.

Women?

You do realize that men are more often victims of violent attacks and murders than women? Many (most?) of us are always vigilant for signs of potential violence, particularly when surrounded by groups of seemingly violent and/or armed people.

People don't give credit to luck enough imo.

Yes .. but.

I had a great education/CV early in my career, and had the opportunity to interview at some of the top most companies prior to their IPO (some when they were tiny companies). Google, Facebook, Stripe and maybe 3 more that went on to be billion dollar exits. I screwed up every single time. Either I did not take the interview seriously, or took a more prestigious academic job compared to the start up opportunity. Talk about being in the right place, at the right time and still missing out. I have barely paid off a small fraction of my starter home (no longer in the Bay area). I really wonder if it is just luck or more complex than that. (Good) Luck got me the right opportunity,but it can't just be (Bad) luck that snatched away all those opportunities from materializing? Clear, I made extremely bad decisions, missed out on the greatest wealth creation event in history, and must live with this till my end.

Edit. There is a rich-dad, poor-dad point I'd like to make. My parents were extremely bad with investments and not very educated. This made me chase the higher prestige academic jobs as opposed to the lucrative startups. Also, when my white friends (with moderately-rich parents) were buying houses at 5% down, I said they were crazy and I was paying off 5% interest education loans, saving up for a bigger down-payment, buying my car for cash, etc. My parents went through the days of 20% interest and never understood the power of leverage. They passed on risk-aversion to me. Even now, I understand the power of leverage, but am still scared to use it.

I like the phrase "Luck is when preparation meets opportunity". So when you say you made bad decisions, didn't take it seriously, etc. it sounds like you recognize your own culpability in creating bad "luck".

There is something to be said for overcoming the inertia of the (bad) ideas we may have been raised with. Malcolm Gladwell wrote in Outliers how wealthy parent raise their children to be more assertive. One of his examples was a "genius" child with a 195 IQ who couldn't reach his goal of a PhD because of the ingrained passivity his parent taught him, which caused him to accept limitations he was told without questioning. To that extent, if we can't overcome those bad ideas, we're creating bad luck for ourselves.

And please don't take this as me piling on, because it's fairly clear from your post that you are still bothered by this. I imagine it's because you spend a lot of time imagining "what could have been", but to quote Theodore Roosevelt "comparison is the thief of joy". If you can get to a point where you're grateful for what you have rather than mulling over what you missed out on, you'll probably be happier for it. Genuinely wishing you the best of "luck" in the future.

Thanks for your kind words. I took it in a positive light, and appreciate your thoughts.

I usually bottle it in, but wrote the above post as a release. I'm definitely luckier than a good fraction of the planet. I also truly believe that at some point, we really need to stop blaming our parents, and take ownership for our own actions. It is just really hard some days, to face up to the missed opportunities.

Now that I have kids, I imagine advising myself as if I was advising my kids at some point in the future. That has really worked wonders. I'd advise my own kid to say c'est la vie, and move forward in life with optimism and confidence :)

Agreed here. I quite openly will say I’m lucky to have an intense interest in computers and to develop enough skill with them to get a job in the high paying tech industry. I didn’t choose what my passions, talents, or skills are after all.

I’m always surprised that people tend to take exception to this, saying it’s nothing to do with luck, I worked hard.

That’s also true. I did and still do work hard.

But that doesn’t invalidate the fact that I had zero control over the fact I happen to live in a society that relies upon, and therefore places a high value on, the area I happen to be skilled in. There’s people with great talent in other areas that are very hard to make a living from.

Much of where we end up in life is determined by luck and chance. That doesn’t mean we’re not also working for what we have. Just means there’s multiple variables, life is unpredictable and isn’t fully within our control, and if we happen to be highly talented at something society places great value on there’s an element of luck at play.

OP here: more like, if people's resources are NOT equal (and people's abilities are not really fungible: you can have someone who's not that great but has a novel POV, or a helpful trait) then this tilts things harshly against them.

You wind up with people who are not the brightest and greatest, burdened by massive cognitive overhead, hindered rather than groomed for success, and then as a society we turn around and look at the ones who were a bit better at stuff and point to their opulence and go 'look how MUCH better this person is!'

People don't have to be equal for this to be a concern. It's a matter of whether you think society's best served by finding the most exceptional person and then having them rule everything. Even if you were able to do that, even if the person IS quite superior, they will never measure up to the bar society sets for them. They're good, but they're not nearly as good as their wealth would make it appear.

And you look at poor people or people who are flat out failing at life. They're not good, but they're not NEARLY as not-good as their poverty would make it appear. You're seeing them at their worst, and it's a wasted resource on a colossal scale.

So this is basically the argument for 'create UBI under capitalism and dominate the world through the proliferation of cool GDP you create out of all your small business people'. Basically, 'one Elon Musk is useless compared to ten thousand folks a tenth as good as him'. :)

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