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Originally Posted by Atocep
I assure you that you miss the point of the whole billionaire living on a regular person's wages idea if your first thought is about dealing with the pressures that come with being a billionaire.
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I assure you that you are assuming the unknowable based on this statement. It's possible to understand a thing, and still disagree with it.
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Originally Posted by Atocep
If you expand beyond billionaire' and look at people with a net worth of more than $3 million about half inherited a significant portion of that wealth.
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The largest study on this topic I am aware of is by Ramsey Solutions, with the result that almost 80% of millionaires inherited nothing. I agree with you on the luck bit, but again it's not just luck or skill/ability. You need both. It's important to avoid the single-cause fallacy here IMO. You often have to be lucky, but you also very much have to be other things also.