On: TSMC was founded by Morris Chang when he was 55 ye...

[nikanj]

I much prefer this to the typical path of the celebrated founder:

1) Be young 2) Go to Stanford / MIT / Harvard 3) Drop out after freshman autumn 4) Get ludicrous funding via family connections 5) Crash & burn because you're about as knowledgeable as one would expect a kid fresh out of high school to be

[MichaelZuo → nikanj]

You need to meet more early 20s high achievers then.

The smartest and wisest in a cohort of several million could easily be on par with a moderately above average 45 year old.

Sure it’s unusual for folks to bet on a moderately average 45 year old, but not that unusual. I would say that it’s mostly earned.

Of course there are those, not as capable, taking loans from rich relatives, but I doubt they make up the majority of cases.

[sandspar → MichaelZuo]

Statistically, the smartest person in a cohort of five million has an IQ of roughly 180. Above-average 45 year olds are not competing with 20 year olds with IQ's of 180. They may cooperate, but they tend to work in different problem spaces, much like how a streetball player isn't in direct competition with LeBron James even though they're both basketball players.

[MichaelZuo → sandspar]

IQ as commonly indicated includes an age adjustment, so in this case their IQs would be similar before adjustment. They would be cooperating with each other usually, not competing.