re: Is Magic Johnson one of the dumbest, most successful people of all time?

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Magic Johnson mostly dispensed with the advice of businessmen who believed these inner city / urban neighborhoods werent good investments. He proved them wrong.

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That's the thing about Magic. The idea that chains could do well in the inner city because it was an underserved market isn't Einstein level analysis.

It's just solid, real world knowledge combined with Magic using capital (in money and his name) to get something done.

Yeah, Magic wasn't going to be Elon Musk, building tech ideas from scratch. He did take a solid, common sense idea and leverage it with his fame and money. That's not bad business.