4 ms·
Rich Europeans are also illiquid, first born manchilds that inherited a finance role at the family office and have no idea what to do. I find it really interes
by vmception 5y ago
Rich Europeans are also illiquid, first born manchilds that inherited a finance role at the family office and have no idea what to do.
I find it really interesting how the US optimized specifically for liquidity. Like, foreigners came to the US to use it for that and eventually won. Crazy to think how much is illiquid around the world, and how much more can become liquid.
- bigfudge 5y agoThis comment is both patronising, rude and incorrect at the same time. Social mobility is broadly the same in the US and Europe. What is different is that people in the US overestimate their social mobility: https://www.economist.com/graphic-detail/2018/02/14/americans-overestimate-social-mobility-in-their-country https://www.economist.com/graphic-detail/2018/02/14/american...
- vmception 5y agoI’m talking about the generational 1% not broad population movements into something moderately stable, best not to conflate those two