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The world has gotten more competitive than ever with globalization, but i hope parents realize that sometimes competing too much is the wrong way to go, epoch c
by strikelaserclaw 5y ago
The world has gotten more competitive than ever with globalization, but i hope parents realize that sometimes competing too much is the wrong way to go, epoch changing discoveries always come from independent thinkers who love what they do, loving anything means the freedom to choose and to be passionate about something, something you cannot force your child to do, it is a process of self discovery in which you may nudge them in the right direction but you can't do the thinking on their behalf. For the future, we need people who make the pie bigger rather than having too many people fight over the pie that exists.
- naveen99 5y agoOnly two full stops. Nicely done !
- strikelaserclaw 5y agothe flow cannot be disturbed.
- villasv 5y agoRich parents don’t want epoch changing discoveries, they want good wealth management.
- nostrademons 5y agoThe two of them are surprisingly related. What counts as "wealth" depends on what people value and how that is produced, and epoch-changing discoveries, by definition, change what people value and how that is produced. Ignore them and you're forever chasing the trend and making other people rich as you buy into the assets they created.
- villasv 5y agoSounds very cool and inspiring, but we’re talking about rich people. Rich people historically have been able to just stay rich whatever happens. Sometimes a little less rich, sometimes much richer. A few notable exceptions, but then again… raising kids to aim for “epoch changing discoveries” is just a silly overblown expectation.
- MontyCarloHall 5y ago> Rich people historically have been able to just stay rich whatever happens. That’s not true. 70% of rich people lose their wealth within two generations; 90% within three. https://money.com/rich-families-lose-wealth/ https://money.com/rich-families-lose-wealth/
- villasv 5y agoIf I had a dollar every time this Williams Group study is brought up... I'd have no trouble making my descendants permanently rich! Funnily enough, that consultancy offers the service of fixing that problem, so I guess de authors of the study won't have any issues with that either.
- jyu 5y agoIf you have money it's easier to make many more meaningful bets. You don't need to aim for epoch changing discoveries, just use money to become a benefactor of them.