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Bill Gates is dumb lol

Posted on 8/19/18 at 4:02 pm
Posted by joshnorris14
Florida
Member since Jan 2009
45194 posts
Posted on 8/19/18 at 4:02 pm
Posted by sicboy
Because Awesome
Member since Nov 2010
77550 posts
Posted on 8/19/18 at 4:04 pm to
You serious, Clark?
Posted by WildTchoupitoulas
Member since Jan 2010
44071 posts
Posted on 8/19/18 at 4:06 pm to
"He can't be dumb, he's a gazillionaire."

- Trump fans
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69243 posts
Posted on 8/19/18 at 4:07 pm to
How does does someone in his position not understand economies of scale?

Posted by IT_Dawg
Georgia
Member since Oct 2012
21722 posts
Posted on 8/19/18 at 4:08 pm to
Someone tell that frick, this is not how it worked. Global economy has many more variables then the supply-curve equallibrium chart.

And the 10th car and 1000th car are not the same cost to manufacture.

Also, production increases as demand increases to figure out how that will effect the supply to create an equilibrium at that given intersection based solely on those specific parameters.

This post was edited on 8/19/18 at 4:09 pm
Posted by StrangeBrew
Salvation Army-Thanks Obama
Member since May 2009
18183 posts
Posted on 8/19/18 at 4:09 pm to
quote:

"He can't be dumb, he's a gazillionaire."

- Trump fans


I am MAGA and I believe Mark Cuban is dumb.
Posted by joshnorris14
Florida
Member since Jan 2009
45194 posts
Posted on 8/19/18 at 4:09 pm to
It's not even that. The supply curve grows because suppliers are more willing to sell goods as price rises.
This post was edited on 8/19/18 at 4:10 pm
Posted by Lakeboy7
New Orleans
Member since Jul 2011
23965 posts
Posted on 8/19/18 at 4:13 pm to
quote:

The supply curve grows because suppliers are more willing to sell goods as price rises.




Somebody got a B in Junior College Economics!
Posted by joshnorris14
Florida
Member since Jan 2009
45194 posts
Posted on 8/19/18 at 4:15 pm to
quote:

Somebody got a B in Junior College Economics!


Not Bill Gates
Posted by Lakeboy7
New Orleans
Member since Jul 2011
23965 posts
Posted on 8/19/18 at 4:17 pm to
quote:

Not Bill Gates




And somehow made billions.
Posted by Dale51
Member since Oct 2016
32378 posts
Posted on 8/19/18 at 4:18 pm to
quote:

How does does someone in his position not understand economies of scale?



He's a liberal leftie...they don't understand much of anything about the larger world of objective reality, a cuz of the mental illness.
Posted by joshnorris14
Florida
Member since Jan 2009
45194 posts
Posted on 8/19/18 at 4:18 pm to
quote:

And somehow made billions.


He should stick to IT and leave failing at economics and raising the standard of living in Africa in the past.
Posted by Bokke
Salt Lake City, UT
Member since Nov 2014
771 posts
Posted on 8/19/18 at 4:20 pm to
What a dope.

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.
Posted by Scoop
RIP Scoop
Member since Sep 2005
44583 posts
Posted on 8/19/18 at 4:26 pm to
How about, I dunno, maybe the first car costs more than the 100th due to something as simple labor inefficiency which will decrease with each car manufactured.
This post was edited on 8/19/18 at 4:27 pm
Posted by starsandstripes
Georgia
Member since Nov 2017
11897 posts
Posted on 8/19/18 at 4:28 pm to
Has Gates ever heard of Rockefeller?
Posted by ProbyOne
Louisiana
Member since Dec 2004
1914 posts
Posted on 8/19/18 at 4:28 pm to
I read the second tweet, including the second sentence, to be assumptions about the chart
Posted by SoulGlo
Shinin' Through
Member since Dec 2011
17248 posts
Posted on 8/19/18 at 4:28 pm to
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.
Posted by Houma Sapien
up the bayou
Member since Jul 2013
1688 posts
Posted on 8/19/18 at 4:34 pm to
quote:

Bill Gates is dumb lol


How much are you worth? Bet you wont answer
Posted by ApexTiger
cary nc
Member since Oct 2003
53768 posts
Posted on 8/19/18 at 4:34 pm to
Smart people say dumb things in the public eye at times..

it happens..
Posted by ChineseBandit58
Pearland, TX
Member since Aug 2005
42508 posts
Posted on 8/19/18 at 4:35 pm to
I doubt that straight line linear functions were ever “taught” as definitive relations in any eco class.

However, i can see that silly graph being used to make a point about intersections.

If he he says he thought that was instruction about economic functions he is lying. Nobody is that stupid.
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