↑ comment by childofbaud ·
2011-03-07T18:04:46.562Z · LW(p) · GW(p)
Many people can do that, making a lot of money is mostly luck.
"Luck favors the prepared mind." -Louis Pasteur
Perhaps many people can do that, but for some reason many people don't do that. There's not that many students with SAT scores that are competitive enough to get into competitive colleges, for example. And those that do have the scores (or other factors in their favour) often end up reasonably well off in the finance department compared to their peers, statistically speaking.
And yes, there is some luck (aka factors we don't yet understand or are able to track) involved in attaining financial stability, but everyone who really wants to be a millionaire, no matter what the cost, is reasonably intelligent (or has other factors in their favour), and doesn't die too young, has a decent chance of ending up reasonably well off (not everyone may be able to pull off financial independence by 25-30, however; and not everyone may make it to billionaire status).
I think a union of IQ and many other factors (i.e. materialism, tenacity, long-term planning, ambition, competitive drive, risk-taking behavior, opportunism, lack of scruples, etc.) correlate strongly with making a lot of money. Too high of an IQ, however, may negate some of those additional factors.
And by the way, I did not limit Yudkowsky's "money-making potential" to just those three factors you quoted, but they're an excellent foundation. Mark Zuckerberg and Raymond Kurzweil both had them.