Seth Stephens-Davidowitz

I kind of came into that with that idea because it's been proven in like every area it's been tested. They've tested judges if they have to decide whether someone on trial is going to commit another crime or should they or is it safe to let him be out, that algorithms are better than judges at doing that.

They found that algorithms are better than principles at deciding whether a teacher should be promoted. They found that algorithms are better at doctors at determining whether someone should be given a test for a heart disease or cancer.

They found that algorithms are better than principles at deciding whether a teacher should be promoted. They found that algorithms are better at doctors at determining whether someone should be given a test for a heart disease or cancer.

They found that algorithms are better than principles at deciding whether a teacher should be promoted. They found that algorithms are better at doctors at determining whether someone should be given a test for a heart disease or cancer.

so it's been proven over and over again and all you have to do is look around it's not like people are nailing these big life decisions as is uh you know if you talk about marriage or picking a partner i mean how many people do you know are in terrible relationships or uh divorced multiple times uh how many people do we know who are unhappy and career success.

so it's been proven over and over again and all you have to do is look around it's not like people are nailing these big life decisions as is uh you know if you talk about marriage or picking a partner i mean how many people do you know are in terrible relationships or uh divorced multiple times uh how many people do we know who are unhappy and career success.

so it's been proven over and over again and all you have to do is look around it's not like people are nailing these big life decisions as is uh you know if you talk about marriage or picking a partner i mean how many people do you know are in terrible relationships or uh divorced multiple times uh how many people do we know who are unhappy and career success.

Certainly many people have struggled to figure out what they should do. So I think it's pretty obvious just looking around that the current approach of using your gut is leading to less than optimal decisions. And then the fact that there's been proof in pretty much every arena that's been tested that data beats gut is more evidence in my favor.

Certainly many people have struggled to figure out what they should do. So I think it's pretty obvious just looking around that the current approach of using your gut is leading to less than optimal decisions. And then the fact that there's been proof in pretty much every arena that's been tested that data beats gut is more evidence in my favor.

Certainly many people have struggled to figure out what they should do. So I think it's pretty obvious just looking around that the current approach of using your gut is leading to less than optimal decisions. And then the fact that there's been proof in pretty much every arena that's been tested that data beats gut is more evidence in my favor.

Yeah, so there are these studies where they basically looked at the entire universe of people in the top 1% or even top 0.1%. They analyzed all the data of basically everybody rich in the United States of America, and they concluded that the typical rich American is the owner of a regional business, such as an auto dealership or beverage distribution company.

Yeah, so there are these studies where they basically looked at the entire universe of people in the top 1% or even top 0.1%. They analyzed all the data of basically everybody rich in the United States of America, and they concluded that the typical rich American is the owner of a regional business, such as an auto dealership or beverage distribution company.

Yeah, so there are these studies where they basically looked at the entire universe of people in the top 1% or even top 0.1%. They analyzed all the data of basically everybody rich in the United States of America, and they concluded that the typical rich American is the owner of a regional business, such as an auto dealership or beverage distribution company.

That kind of shocked me for multiple reasons. I didn't think of auto dealerships as paths to wealth. I didn't know what a beverage distribution company is. But then you kind of dig down the data. They dig down. I dig down to the data as well. And you kind of start understanding what that means and why that is and kind of what it really takes to be rich in the United States.

That kind of shocked me for multiple reasons. I didn't think of auto dealerships as paths to wealth. I didn't know what a beverage distribution company is. But then you kind of dig down the data. They dig down. I dig down to the data as well. And you kind of start understanding what that means and why that is and kind of what it really takes to be rich in the United States.

That kind of shocked me for multiple reasons. I didn't think of auto dealerships as paths to wealth. I didn't know what a beverage distribution company is. But then you kind of dig down the data. They dig down. I dig down to the data as well. And you kind of start understanding what that means and why that is and kind of what it really takes to be rich in the United States.

One of the big points about being rich is that the path to wealth is owning things, not a salary. So among the top 0.1% of Americans, there's about a three to one ratio, people who own versus people who make a salary.

One of the big points about being rich is that the path to wealth is owning things, not a salary. So among the top 0.1% of Americans, there's about a three to one ratio, people who own versus people who make a salary.

One of the big points about being rich is that the path to wealth is owning things, not a salary. So among the top 0.1% of Americans, there's about a three to one ratio, people who own versus people who make a salary.

Well, they're not quite as bad as some people think. There are definitely a lot of restaurateurs that are in the top 0.1% or 1%, but it's nowhere near as good as, say, an auto dealership or a beverage distribution company or some other companies.