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I was suggesting that "just hard work and competence" was insufficient to explain the reason for success. FWIW, assuming that "newly minted" means "within the
by dalke 12y ago
I was suggesting that "just hard work and competence" was insufficient to explain the reason for success.
FWIW, assuming that "newly minted" means "within the last year", only 3 of the 27 listed at http://www.forbes.com/special-report/2014/billionaires/newcomers.html http://www.forbes.com/special-report/2014/billionaires/newco... come from the investment industry. 5 come from the entertainment industry.
- brd 12y agoI must have misread a headline at some point because the number of finance billionaires is smaller than I thought. Having said that, of the 268 listed by forbes, 15 were in finance. http://www.forbes.com/sites/alexmorrell/2014/03/06/worlds-billionaires-newcomers-the-full-list-of-268/ http://www.forbes.com/sites/alexmorrell/2014/03/06/worlds-bi... Anyway, I'd certainly agree that "hard work and competence" is an understatement but one of the luxuries of being in finance is that your entire career is built around making money from money. This affords a much more systematic approach to being a billionaire than you might find in other industries.