3 ms·
I agree that those examples are not great at conveying the main point he's trying to make, but let's consider for a moment that the top .1% evaluates to a large
by noahth 15y ago
I agree that those examples are not great at conveying the main point he's trying to make, but let's consider for a moment that the top .1% evaluates to a larger number than 5. Maybe he was calling out notable exceptions, or maybe it's just a poorly edited piece of writing.
- neuroelectronic 15y agoHe was calling out notable exceptions... | but it's infrequent to meet one whose wealth wasn't acquired through direct or indirect participation in the financial and banking industries.
- yummyfajitas 15y agoI don't think he was calling out exceptions. The paragraph intersperses people working in finance (or their ex-wives) with people not working in finance and draws no distinction between them. "One client runs a division of a major international investment bank..." In fact, one particular sentence lists both financial wealth and non-financial wealth: "Another client with a net worth in the $10M range is the ex-wife of a managing director of a major investment bank, while another was able to amass $12M after taxes by her early thirties from stock options as a high level programmer in a successful IT company." But maybe noahth is right, and the article is just poorly edited.