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I have a random thought about all of this and Elon. In Walter Isaacson's book (as noted by @davekarpf.bsky.social), he tells the story of Elon constantly going all in. davekarpf.substack.com/p/elon-musk-...

Mike Masnick@masnick.com

Yup. I had "the realization" when Elon started talking about "free speech" and "content moderation," which are subjects I actually understand and he doesn't. And I still can't believe how many people still think he knows what he's talking about on either one of those.

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I am reminded of how my then-preteen sister played Hearts against our card shark uncle (who paid his way through college by winning at cards!!!) and won, merely by being so unpredictable in terms of strategy that he could not figure out what she had.

yup, because people these days don't have the attention span for genuine expertise and authenticity. It's all about the dopamine, which is why hype merchants like Musk continue to have ridiculous pull in excess of their personal capacity for charisma.

The first thing I wonder is, do we have records of all of his bets? Or just the ones that paid off? But even if we do, and his success to failure ratio is unusually high, all he needed was to beat the odds once. Once you have infinite money, success can be purchased. Exactly like the "all in" story.

It's a version of fake it til you make it where you basically fuck around until something hits and then use the anomalous win to (much too easily) convince employers, investors, etc that you know what you are doing.

Elon was born at the 5-yard line and everything since Zip2 has been nothing but him dancing in the endzone. This anecdote doesn’t fully examine the phenomena at play here, it’s just meant to heighten the myth of the man and of entrepreneurs in general.

I also don’t see Issacson as being particularly credible. He seems to be a hagiographer for powerful people, a sycophant thru and thru. For all we know, he made this anecdote up to segue into a lionization of “the entrepreneur as a risk-sink” trope.

I don't deny that at all. The story is a demonstration of how you can be incredibly stupid and get away with it if you have infinite funds. But that's really not the point I was going for.

This is what playing online poker with no stakes was like, back during the WPT craze. Everyone just all-ins, all the time, and refuses to play unless they're in the superior position, which lets you win by playing every hand and just bullying. Being born wealthy is removing the stakes.

That's a strategy that eventually fails, as there will come a time when the cards can be bad longer than you can afford to stay in the game. That said, good luck can also last longer than anyone has a right to expect.

The probability of continued success going all in so often seems impossible, but it *can* happen. The probability isn't zero, it's just extremely unlikely. And at some point, as in R&GaD one might lose the suspense of it, and just assume it's always going to work out. It defies... something.

But, so long as it keeps happening, there must be some reason (as Tim Roth's character posits in the film). In Elon's case, he and many of his fans, insist that it's that he's so smart/capable. But there's also the possibility (as in the film) of just dumb luck.

Elon himself has suggested that he thinks there's a high likelihood we're "living in a simulation" which is kinda one of the ideas Tim Roth's character has in the movie as well. When that kind of shit happens, it feels incomprehensible. www.space.com/41749-elon-m...

space.comWe're Probably Living in a Simulation, Elon Musk SaysWe're all probably trapped in a "Matrix"-like pseudoexistence, SpaceX chief Elon Musk said early Friday (Sept. 7) during a long, wide-ranging and very entertaining appearance on comedian Joe Rogan's p...

Before I knew he was a reply-guy, and on the worst side of seemingly every issue, audacity was one of his admirable qualities. How many kids dreamt of going to Mars? How many have put a sequence of events into play to make it plausible? But there’s a fine line between audacity and recklessness.

He’s only audacious b/c he can afford to be. The idea that these startup founders are all MENSA level geniuses is borne out of ignorance of how startups and venture capital work. For instance, most people don’t know that founders are given early access to liquidity that other early employees don’t.

And sometimes this comes at the expense of the health of the startup. So in actuality, founders don’t really risk all that much, and if the startup fails, they often remain wealthy and can ply the proceeds into new ventures.

USUALLY comes at the expense... Most startups are essentially a ponzi scheme until they either make it or break it, if they break the founders mostly get everything back but everybody else suffers, if they make the founders get absurd amounts of money and everybody else gets kicked the scraps.

That “all in” strategy would have failed if Musk didn’t have money to keep buying back into the game until he won big. That’s the difference. When global policy is the game, you don’t gamble chips. You gamble human lives. Musk embraces flippant arrogance whether it’s chips or lives.