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"The most important choice in life is who your parents are."
by jvm___ 7y ago
"The most important choice in life is who your parents are."
- yboris 7y agoThe fantastic book[1] The Haves and the Have-Nots: A Brief and Idiosyncratic History of Global Inequality by Branko Milanovic points out that the 3 most-important correlated determinants of financial success in life are, in order: 1. Geography (which country you're born in) 2. Parents' finances 3. Your gender These 3 explain the vast majority of the variance in income between people. Knowing these 3 facts about a person allows you to predict their income with high accuracy (small 90% confidence interval). [1] https://www.amazon.com/Haves-Have-Nots-Idiosyncratic-History-Inequality/dp/0465031412 https://www.amazon.com/Haves-Have-Nots-Idiosyncratic-History...
- dchyrdvh 7y agoAnd given that there's a limited number of good parents, there's a competition for those spots. The most skillful win.