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>> No.15835072 [View]
File: 35 KB, 439x405, Pareto Wealth.gif [View same] [iqdb] [saucenao] [google]
15835072

>>15832888
1. Intelligence is not the only virtue which matters in life by a long shot.
2. Luck matters a lot.

The distribution of wealth shows the same distribution pattern as other semi-random events like forest fires and meteor craters on the moon - and the most common surnames. In other words, wealth cannot possibly be simply the outcome of any individuals actions.

Most of individuals life outcome is determined by factors completely outside individuals control. It is always beneficial to act as though you have control, but even this is mostly outside your actual control. Some people are more fatalistic, some are more depressive, some are lazy, some lack consistency...

Unlucky people tell themselves they could get rich if they wanted to, they just don't want to. Lucky people tell themselves they were smarter and better than everyone else who didn't make it. Sometimes these beliefs are even true.

http://www.math.uvic.ca/faculty/reed/PhysRevPowerLawTwoCol.pdf
https://qz.com/694340/the-richest-families-in-florence-in-1427-are-still-the-richest-families-in-florence/

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