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Luck: Mostly everything that you have is down to luck
Topic Started: 28 Nov 2013, 07:47 AM (4,385 Views)
Dr Watson
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Trojan
28 Nov 2013, 10:43 AM
I personally think its better to help those who are in the bottom 10% (genuinely unlucky) i.e. kids starving to death to obtain food than to help those in the lucky top 10% get to the top 5% ....
We can walk and chew gum. If you want to donate to a third-world charity, you are able to do that at the same time as I agitate for improvements to policy affecting Australians. We can move on multiple fronts simultaneously.
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt — Bertrand Russell
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Catweasel
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Trojan
28 Nov 2013, 10:43 AM
I personally think its better to help those who are in the bottom 10% (genuinely unlucky) i.e. kids starving to death to obtain food than to help those in the lucky top 10% get to the top 5% ....
Catweasel put its hands together for compassion of mouse.

It can live its life chained to white picket,

with its flat screen the TV, little shorts, mojitos, and comfort the zones.

Or it can make a difference.

And many have a find meaning,

in social the enterprise,

in a developing world,

or even close to the home.

And it through of chains wrapped around its skull,

as social the goals,

need it to step outside itself.
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Sydneyite
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Dr Watson
28 Nov 2013, 10:34 AM
Trojan
28 Nov 2013, 10:14 AM
Everyone on this forum has already struck it lucky - none of us are living in a third world country, we have access to an excellent education system and opportunities in career or other financial investments have never been greater. Yet amazingly some people here think they are hard done by!! This is pretty much why I have no sympathy for the whingers on this forum.
Yes, but government policy can often be improved to make things even better for the people. When one makes the case for change, it necessarily involves some degree of 'whinging' or discussion of problems. We should appreciate what we have, but we can also consider what might be done better.
I agree with this point. It's a trait of the successful, developed western nations that they do this I think. The author says:

Quote:
 
Where you were born. I'm rich because I was born in England, not Ethiopia. Herbert Simon estimated that at least 90% (pdf) of the incomes of western individuals are due to this fortune of birth.
While this is true, why are western incomes so much higher? It's because numerous previous generations of our nations have worked hard, improved things continuously, innovated extensively, and agitated for change constantly, and so on. Of course some countries are "luckier" in that they have more natural resources or strategic / geographic advantages, but there are still many examples of wealthy countries that don't have all these things. So it all must ultimately come down to the collective actions, work, decisions etc (ie culture to a large extent), of the people (past and present) of countries that are wealthy.
Edited by Sydneyite, 28 Nov 2013, 11:57 AM.
For Aussie property bears, "denial", is not just a long river in North Africa.....
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Dr Watson
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Sydneyite
28 Nov 2013, 11:24 AM
It's a trait of the successful, developed western nations that they do this I think.
Yep. It's our discontent that drives us and that's one of the reasons we've got to where we are today. If we put up our feet and say, "It's all done, no need to keep improving Australia" that's when the rot will set in.
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt — Bertrand Russell
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Catweasel
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Sydneyite
28 Nov 2013, 11:24 AM
I agree with this point. It's a trait of the successful, developed western nations that they do this I think. The author says:


While this is true, why are western incomes so much higher? It's because numerous previous generations of our nations have worked hard, improved things continusouly, innovated, and agitated for change, and so on. Of course some countries are "luckier" in that they have more natural resources or strategic / geographic advantages, but there are still many examples of wealthy countries that don't have all these things. So it all must ultimately come down to the collective actions, work, decisions etc (ie culture to a large extent), of the people (past and present) of countries that are wealthy.
Catweasel say mouse measure its luck by its own the paradigm,

and base on its cultural struggles of its forefather and its geographic,

but if it can think a lateral,

it live in country,

where a people exist before it,

who the incredibly unlucky,

if it not want to live under same paradigm as flat screen TV mouse.
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Sunder
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Coming from that angle, it'd be hard to disagree.

However, coming from the other angle, two people can receive the same luck throughout their life, and one end in the gutter, and one end up a multi-millionaire. Same type of good family, same educational experience, same intelligence, but one decides it's all too hard and wags to smoke his fags behind the bike shed, and the other decides he wants to make something of himself.

To be successful, you need both good luck and hard work. To be mediocre, luck is enough.
Property speculation is a type of gambling... But everyone knows that in gambling, the house always wins in the end.
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Foxy
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Zero is coming...

Yes.
Peter
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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peter fraser
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Dr Watson
28 Nov 2013, 11:31 AM
Sydneyite
28 Nov 2013, 11:24 AM
It's a trait of the successful, developed western nations that they do this I think.
Yep. It's our discontent that drives us and that's one of the reasons we've got to where we are today. If we put up our feet and say, "It's all done, no need to keep improving Australia" that's when the rot will set in.
Some nations are lucky because they hold natural resources, some make technological advances that enables them to forge ahead of the competition, and some stole enough silver from Spain to make a difference. Some people were born lucky and then had their wealth stolen off them and perhaps their lives taken. Good luck and bad luck - it's all luck that we usually can't control.

Obviously we can increase and decrease our luck through making the right choices with education, work, marriage, business, investment etc - but the core luck is still what we were born to enjoy (or not enjoy)

No Australian gets on a leaky boat to sail to Afgahanistan to make a new and better life for themselves.

Edited by peter fraser, 28 Nov 2013, 12:06 PM.
Any expressed market opinion is my own and is not to be taken as financial advice
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Catweasel
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peter fraser
28 Nov 2013, 12:02 PM
Some nations are lucky because they hold natural resources, some make technological advances that enables them to forge ahead of the competition, and some stole enough silver from Spain to make a difference. Some people were born lucky and then had their wealth stolen off them and perhaps their lives taken. Good luck and bad luck - it's all luck that we usually can't control.

Obviously we can increase and decrease our luck through making the right choices with education, work, marriage, business, investment etc - but the core luck is still what we were born to enjoy (or not enjoy)

No Australian gets on a leaky boat to sail to Afgahanistan to make a new life for themselves.
Catweasel say it nice.

And create nice feeling at 69.99 property seminar or life insurance sales the pitch.

Mouse encounter similar all over a Australia.
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Trojan
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zaph
28 Nov 2013, 11:04 AM
Are you talking about Australia, or world wide?
World wide ... being able to live permanently in Australia (or any developed country) is already winning massively in life's lottery.
Dr Watson
28 Nov 2013, 11:05 AM
We can walk and chew gum. If you want to donate to a third-world charity, you are able to do that at the same time as I agitate for improvements to policy affecting Australians. We can move on multiple fronts simultaneously.
Not that long ago, ignoring starving children whilst lobbying the government to improve your own situation from the top 10% to the top 5% in the world was called greed ...
Edited by Trojan, 28 Nov 2013, 01:05 PM.
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
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