Getting rich is largely about luck – shame the wealthy don’t want to hear it

Sep 2013
45,513
36,605
On a hill
#1
suffers from the highest levels of income inequality in Europe – partly because of the delusions of its rich. In countries where the rich have less, they tend to be less delusional, about themselves, about other people, about what is possible, and about why some become rich.

In the UK, it is unsurprising to read that an investment banker thinks £100m is a lot of money but “not a ridiculous amount of money”. In a report in The Guardian newspaper this week, we also heard that one particular banker is “fairly confident” that a driven and passionate individual could “start from zero and get to £100m within 20 years”.

Snip

In truth, no one creates wealth out of the ether as the mythic phrase “wealth creator” suggests. Most wealth is appropriated from others, not made. Wealth can grow but only when it is well shared, not corralled into the hands of a few. Wealth growth rates are highest in countries that are more equitable than their neighbours.

Snip

People really don't like to hear success explained away as luck – especially successful people. As they age, and succeed, people feel their success was somehow inevitable. They don’t want to acknowledge the role played by accident in their lives. There is a reason for this: the world does not want to acknowledge it either.

https://theconversation.com/getting...-shame-the-wealthy-dont-want-to-hear-it-77111
 
Likes: 5 people
May 2012
68,704
13,695
By the wall
#4
Isn't creating wealth simply creating wealth?

Does it matter how you do it in the end?

Not really, you will still be wealthy.
 

HayJenn

Moderator
Jul 2014
70,035
60,036
CA
#6
Two examples doesn't prove anything. Many started with very little and built up great companies.
Maybe back in the day - not so much these days. MM inherited money from his dad.

There are studies that show correlations between how well you end up in life based on how much money your parents have/had.
 
Likes: 1 person

webrockk

Former Staff
Nov 2009
30,474
11,090
on the river
#7
Wealth is subjective. People who don't understand that are people who will never achieve it.
 
May 2007
20,540
16,704
Houston, Texas
#9
Agree some of involves a lot of luck..

The other part is what you do if your that lucky..

A picture of two worthless pieces of shit and two former soldiers. Even Trump's evil spawn are an embarrassment to the country. It will sure be nice with this family of slugs slithers off the national stage for the last time.
 

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