The problem with the "billionaires must be geniuses" is that many people think that wealth must be somehow proportional to intellect, i.e. the more money = the cleverer they must have been to earn it.
Many of the billionaires are just "not-thick" and were just plain lucky to be in the right place at the right time and had 4 or 5 consecutive bets come in. There are a whole load of cleverer people who made millions but didn't get the luck to convert this into billions.
There’s an awful lot to be said for lizard brain and circumstances. Throw in a wealthy family safety net to make the risks easier to take and if you win another jackpot on top of the others that set you up in life, you’ll feel like your achieved this yourself
The problem with the "billionaires must be geniuses" is that many people think that wealth must be somehow proportional to intellect, i.e. the more money = the cleverer they must have been to earn it.
Many of the billionaires are just "not-thick" and were just plain lucky to be in the right place at the right time and had 4 or 5 consecutive bets come in. There are a whole load of cleverer people who made millions but didn't get the luck to convert this into billions.