I wonder if at a certain point, someone learns about compounding, and just sticks with it, building generational wealth. And poof, the wealth just keeps growing as long as the descendants don’t make errors.
We seem to love creating stories about why so-and-so is rich, but, I suspect the most common answer is “time, patience, and no major bad luck”.
We seem to love creating stories about why so-and-so is rich, but, I suspect the most common answer is “time, patience, and no major bad luck”.