30% returns on chump change is still chump change, but if you already have a yacht, 30% returns will allow you to gold-plate it. It's far more likely that thos

30% returns on chump change is still chump change, but if you already have a yacht, 30% returns will allow you to gold-plate it. It's far more likely that those financial geniuses are just not worried about retirement or college tuition for their kids. Because the strongest correlating factor for getting richer is already being rich, and not being smart with money. The real question is... why aren't all yachts now gold-plated yachts? If my father gave me $1 billion 40 years ago, I would have to be literally the dumbest idiot in the world--or the unluckiest schliemazel in the world--to have less than that now. Instead, I just got a debt-free bachelor's degree, and so I'm not rich now, but still doing okay.