"According to your thesis, these studies will show that everyone will obtain approximately the same outcome, because in all cases we have controlled for luck, s

"According to your thesis, these studies will show that everyone will obtain approximately the same outcome, because in all cases we have controlled for luck, starting position, income, and management strategy. Only the choice of management strategy will have material impact." No, you haven't understood my thesis at all. You seem to think I'm making some sort of political or statement related to the current economy. The point us that every gets out a combination of what effort they put in and the decisions they make. For some, born with a trust fund, those efforts bad decisions are easy. For others, new immigrants without qualifications, those efforts are going to need to be huge. For all, they will get back what they put in. All will get what they want, when you read want as not what people say they want but measured by their actions. I might say I want to get fit but unless you see me out training you would quite correctly surmise I don't actually want to get fit. Everyone gets what they really want.