I saw a post on X recently that said

Bill Gates is closer to you in wealth than he is to Elon Musk. Mind blown.

For round numbers, let’s say Elon Musk’s net worth is 800 billion and Bill Gates’ net worth is 100 billion. So if your net worth is less 450 billion, the statement in the post is true.

The reason the statement above is mind blowing is that in this context you naturally think on a logarithmic scale, even if you don’t know what a logarithm is.

Or to put it another way, we think in terms of orders of magnitude. Musk’s net worth is an order of magnitude greater than Gates’, and Gates’ net worth would be an order of magnitude greater than that of someone worth 10 billion. Musk is a notch above Gates, and Gates …

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