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But think about it, the authors suggest. If smarts and talents and even effort are so normally distributed and wealth is so abnormally distributed, what’s missi
by imgabe 8y ago
But think about it, the authors suggest. If smarts and talents and even effort are so normally distributed and wealth is so abnormally distributed, what’s missing to explain the disparity?
“We suggest that such an ingredient is just randomness,” write the authors
I think it's more due to the power of compounding. If you're a little tall, that doesn't help you get any taller. But, if you get a little rich, that helps you get richer, which helps you get even richer, and so on.