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re: Bill Gates is dumb lol
Posted on 8/19/18 at 4:36 pm to HailHailtoMichigan!
Posted on 8/19/18 at 4:36 pm to HailHailtoMichigan!
quote:
How does does someone in his position not understand economies of scale?
I think you might be missing the subtle but completely obvious fricking sarcasm here
Jesus Christ man. He isn't endorsing either the graph nor is he endorsing the statement.
1
Posted on 8/19/18 at 4:37 pm to SoulGlo
quote:
To me he is saying that the 10th car is not the same cost to produce as the 10,000th.
He is pointing out a fallacy or oversimplicity in the graph.
That's how I read it tho.
If he is seriously saying the cost to produce the 10th car=10,000th car, then frick yes he is an idiot.
You came to this conclusion because you aren't a complete moron like OP
Posted on 8/19/18 at 4:45 pm to ProbyOne
quote:Ssshhh. They are having fun.
I read the second tweet, including the second sentence, to be assumptions about the chart
Posted on 8/19/18 at 4:45 pm to Powerman
quote:
You came to this conclusion because you aren't a complete moron like OP
His statement on the assumption of the graph is patently wrong. The supply curve doesn't slope upward because of an incorrect assumption that each successive good costs the same to produce, it slopes upward due to the independent variable increasing (price)
Posted on 8/19/18 at 4:47 pm to joshnorris14
Dude did not graduate...
Posted on 8/19/18 at 4:48 pm to joshnorris14
quote:that's just not true
'when a car company makes a new car, the 10th car costs the same as the 1000th'
Posted on 8/19/18 at 4:53 pm to IT_Dawg
quote:
And the 10th car and 1000th car are not the same cost to manufacture.
Elon Musk says otherwise!
Posted on 8/19/18 at 5:01 pm to Lakeboy7
quote:
And somehow made billions.
He made billions off making a product, not off his understanding of economics. No telling how many experts in various areas he brought in to do what he's done.
Posted on 8/19/18 at 5:04 pm to Powerman
quote:
I think you might be missing the subtle but completely obvious fricking sarcasm here
yea this is how i read it also. his wording doesn’t help. comedy isn’t his gig.
Posted on 8/19/18 at 5:35 pm to Bokke
quote:
I’m gonna go out on a limb and guess that even back then, rich people were manipulating the market way more than he imagined. The rich get richer in the stock market, and keep the poor poorer via manipulation and restriction of access.
But somehow even with a market subject to all of this manipulation and restriction to access by rich people Gates, Jobs, Larry Ellison, Allen, and thousands of others somehow started from scratch and become wealthy, more do it every day.
Posted on 8/19/18 at 5:52 pm to redneck hippie
quote:No doubt,
I think you might be missing the subtle but completely obvious fricking sarcasm herequote:
yea this is how i read it also. his wording doesn’t help. comedy isn’t his gig.
If he'd of added, once upon a time, the satire would have turned fairy tale.
Posted on 8/19/18 at 6:36 pm to joshnorris14
I wouldn't say he's dumb. He just has no shame and thus doesn't mind looking stupid for the sake of propaganda.
Posted on 8/19/18 at 6:55 pm to joshnorris14
Bill Gates is so dumb that he had to drop out of Harvard to make his first $1,000,000,000.
I'm gonna bet everyone in this thread is still working on their first $1,000,000.
I'm gonna bet everyone in this thread is still working on their first $1,000,000.
Posted on 8/19/18 at 8:24 pm to joshnorris14
Dude lives in Seattle, and still doesn’t understand how Boeing makes money. SMH
Posted on 8/19/18 at 8:25 pm to joshnorris14
Bill gates is a globalist first and American second. When you have his kind of money, everywhere can be home.
Posted on 8/19/18 at 8:27 pm to SoulGlo
quote:
To me he is saying that the 10th car is not the same cost to produce as the 10,000th.
I agree
quote:
He is pointing out a fallacy or oversimplicity in the graph.
No he isn't, although he thinks he is.
Posted on 8/19/18 at 8:28 pm to MondayMorningMarch
quote:
Bill Gates is so dumb that he had to drop out of Harvard to make his first $1,000,000,000.
Lots of rich people who aren't too bright.
All Gates' needs to know is software. He could literally be a young earth creationist and still make the same successful product. When it comes to economics he is not an authority.
This post was edited on 8/19/18 at 8:32 pm
Posted on 8/19/18 at 8:33 pm to joshnorris14
quote:
His statement on the assumption of the graph is patently wrong. The supply curve doesn't slope upward because of an incorrect assumption that each successive good costs the same to produce, it slopes upward due to the independent variable increasing (price)
Christ you still don't get it
He doesn't literally believe that. It's sarcasm.
Posted on 8/19/18 at 8:34 pm to redneck hippie
quote:
yea this is how i read it also. his wording doesn’t help. comedy isn’t his gig.
It's not the wording. It's the audience. Several people here picked up on it. The dumb ones didn't. It wasn't meant for them.
Posted on 8/19/18 at 8:44 pm to IT_Dawg
quote:
And the 10th car and 1000th car are not the same cost to manufacture.
Yes, they pretty much are actually.
The cost of overhead (fixed cost) per unit declines as volume goes up, but the variable cost isn't that much different between #10 and #1000. There is some difference since production lines get better with experience but it isn't necessarily enormous.
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