> Sure, if you start off with $2 million and double it 9 times, you end up with $1 billion. Exponential growth is a powerful thing, so it comes as no surprise that maintaining a large growth rate over time very quickly grows a starting sum into a much larger pool of money.

Reminds me of this post I’ve seen making the rounds recently about a welder at SpaceX who was making $28/hr becoming a millionaire.

They keep emphasizing he’s a welder, the system works, and at the verrrry end mention he was issued 10k in stock a decade ago at SpaceX and held until it IPO’d the other day. The only “lesson” here is “if you own stock and stock go up you get lots of dollar bucks.”

They keep emphasizing “he’s a hardworking welder.” My response is “great! Let businesses take a lesson here: give all your employees a chunk of the company. Let’s all share in the success!”

But that’s obviously not their point.