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It takes a certain combination of work/knowledge/luck to profit from anything in life. Seems reductionist to equate buying low and selling at peak to buying a
by 627467 4y ago
It takes a certain combination of work/knowledge/luck to profit from anything in life.
Seems reductionist to equate buying low and selling at peak to buying a lottery ticket. But so it does to claim hard work has been the main reason why financial investors profit
- wildrhythms 4y ago>It takes a certain combination of work/knowledge/luck to profit from anything in life. Plenty of people 'profiting' on the wealth of their parents, grandparents, etc. when they themselves have never worked a day in their life and don't have much knowledge of anything. Inherited wealth is an obvious contradiction to the meritocracy that so many people believe we live within today.
- 627467 4y agoIf my response seemed to support the idea of meritocracy as a fact it was unintended. Obviously I missed "inheritance" or family-estate from the triad.