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That's because it's self-evident. People get rich by allocating capital effectively. QED.
by darawk 8y ago
That's because it's self-evident. People get rich by allocating capital effectively. QED.
- enraged_camel 8y agoWhat is self-evident is that you're just trolling, and have no interest in actual discourse. QED.
- darawk 8y agoDo you not understand the issue? I'm not trolling. You become wealthy by allocating capital efficiently. This is econ 101. How hard is this to understand?
- enraged_camel 8y agoI already responded. There are many ways to become wealthy. "Allocating capital efficiently" is just one of them. You keep claiming it is the most common way, and the rest, such as inheriting money, are "exceptions". I asked you to provide a citation. You refused, and provided a shallow response instead, saying it is "self-evident". Hence, you have no interest in actual discourse.
- darawk 8y agoIt is irrelevant what the percentage is. If you are good at allocating capital efficiently, you will become wealthy. Therefore, the wealthy has positive skew to their capital allocating ability.