<p>“Point #2 means many of those graduating from elite undergrad schools were bright enough to anticipate Nassim Taleb’s advice about choosing a non-scalable career. Some careers, such as a dentist, are not scaleable since there is a limit on how many patients you can see in a day.”</p>
<p>True. Another construct that goes into these choices is the declining marginal utility of money. The material comforts of available at a salary of $1 million per year don’t differ that much from those available at $200K per year. You can afford the same schools, drive a comfortable car, take vacations, and pay for a big house. (Not as big, but big, and in a neighborhood with good schools.) Maybe you’re drinking wine that costs $15 a bottle at instead of $50 a bottle. But the difference between a $15 wine and a $50 wine is negligible; few people can tell the difference. (The difference between a $5 wine and a $15 wine is more obvious.)</p>