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Also the disparity of wealth can be simply explained by investments (or lack of). If you invest in the stock market, your wealth grows exponentially. If you d
by jpn 6y ago
Also the disparity of wealth can be simply explained by investments (or lack of).
If you invest in the stock market, your wealth grows exponentially.
If you don't invest in the stock market, your wealth grows linearly.
Exponential growth >> linear growth
Who owns stocks? Mostly the top 10%.
https://www.nytimes.com/2021/01/26/upshot/stocks-pandemic-inequality.html https://www.nytimes.com/2021/01/26/upshot/stocks-pandemic-in...
- jpn 6y ago> Compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn't, pays it. Albert Einstein ...supposedly: https://www.snopes.com/fact-check/compound-interest/ https://www.snopes.com/fact-check/compound-interest/ But you get the point: exponential growth is the key to building wealth.