A very interesting spin on anything that has ever been said about money, success or wealth!
I don't know what to think about this. The scaling argument which says 1% of the human population shouldn't own 40% of the world's wealth due to them not having IQ's of 200,000 or talent proportional to the highly disproportionate stake of wealth they control is something that will take time for me to digest and think about. Its certainly a novel concept.
Its also very interesting that they attempted to model along lines of standard deviation and wound up with a historical 20/80 wealth distribution. I think this is something which could use more exposure and media coverage. Its not often relatively original or new perspectives like this come along and the paradigm shift which can accompany them can often take decades to be fully appreciated within a pop culture vein.
I disagree. I recognize that, yes, luck can play an important factor in our wealth, but luck will easily be beaten by values like grit, hard work, perseverance, and determination. When we limit ourselves to things like luck or chance, we are no better than gambling addicts who bet their life and their families lives on a simple roll of the dice.
Simply giving everything up to luck or chance is synonymous to giving up on life.