3 ms·
From the article's conclusion: > This suggests that while money is perfectly inheritable, exceptional talent is not. Unless I'm missing something, it also sug
by ur-whale 3y ago
From the article's conclusion:
> This suggests that while money is perfectly inheritable, exceptional talent is not.
Unless I'm missing something, it also suggests that the rich get richer because they are more talented in the first place.
Which kind of makes the point of the entire article rather moot.
- ppeetteerr 3y agoOr you can hire people who are talented. Another advantage of the extra-rich is that they don't rely on their skills alone. As the article says: "Specifically, for given portfolio allocation, individuals who are wealthier are more likely to get higher risk-adjusted returns, possibly because they have access to exclusive investment opportunities or better wealth managers"