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>If that weren't the case, the top 100 would still likely be dominated by heirs. Do you believe that because you think that heirs are likely to hold their weal
by NovemberWhiskey 6y ago
>If that weren't the case, the top 100 would still likely be dominated by heirs.
Do you believe that because you think that heirs are likely to hold their wealth in cash, bonds or in other assets that haven't been "artificially pushed higher by lower interest rates?"
It seems to me that if wealth of any kind is invested well, it's likely to generate exactly those same higher returns; the source of the wealth is kinda irrelevant, no?
- 6gvONxR4sf7o 6y agoHeirs will probably be diversified. Their returns will be about average. Founders will win bigger and lose bigger, so when you only look at the top top top winners, those outliers will be outlierier. Wider variance means higher highs and lower lows.