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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Metacomet who wrote (88960)	4/10/2012 9:44:03 PM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 218633

Thanks for that data MC. First we need to check the actual information presented. Note carefully that they use the expression "financial wealth". That obviously excludes ownership of houses, pensions, family trusts, cushy jobs, easy lifestyle, and other "non financial wealth". What do they mean by "financial wealth"? I guess it's "money in the bank" and "shares, bonds and such financially liquid assets". But who knows? It's not really something that needs defending. It's just a matter of observing it. Since I know that top people are capably of superlative feats compared with the bottom half in any particular field, it's not in the slightest surprising that the top 5% has such a large share of financial assets. I would be surprised if it was different. If you give people $1 million each, within a year or four, you will find a similar split. The dumb half will have blown through it in no time and be wondering what happened. A few will still have some. 1% will have done really well. That's just the natural variation of people. You can look up pretty much any characteristic and find something like a normal distribution curve. Since many things are a win-lose outcome, with the loser being empty-handed, it's not surprising that the spread is wide. In golf for example, there's not much interest in the people coming 25th at Augusta. It's Tiger, Rory and those who are amazing who capture the rewards. Same in Formula 1. Coming 4th is not much use. Roger Federer filled the galleries. You are suffering envy. Perhaps some counseling would help. The seven cardinal sins are a curse on the person suffering them. Mqurice