Friday, 20 August 2021

If You’re so Smart, Why Aren’t You Rich? Turns out It’s Just Chance.

If You’re so Smart, Why Aren’t You Rich? Turns out It’s Just Chance.

The most successful people are not the most talented, just the luckiest, a new computer model of wealth creation confirms. Taking that into account can maximize return on many kinds of investment. The distribution of wealth follows a well-known pattern sometimes called an 80:20 rule: 80 percent of the wealth is owned by 20 percent of the people. Indeed, a report last year concluded that just eight men had a total wealth equivalent to that of the world’s poorest 3.8 billion people.

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