Somewhat true except for the fact that education isn't fixed. It's a variable that changes. You might start with little wealth and accumulate education on your

Somewhat true except for the fact that education isn't fixed. It's a variable that changes. You might start with little wealth and accumulate education on your journey. Therefore in the early years when you lose wealth it's difficult to accumulate more, but over time it can become easier as you are more educated and experienced. Having little wealth when young also allows you to live on very little - when combined with an education you can use this very nicely to say bootstrap a product.