Tags
EssayPaul Graham
Date Consumed
Apr 23, 2021
Count (Month)
20
Created
Apr 23, 2021 2:48 PM
Last Edited
May 6, 2021 8:54 PM
In the early 1900's most of the wealthiest individuals had built companies.
By the mid-1900's most of the wealthiest individuals had inherited fortunes.
By the late 1900's (and following) most of the wealthiest individuals had build companies.
Graham suggests that the natural means of fortune-creation involves building, and there is a somewhat generational oscillation from building > inheriting > building. Ultimately the natural origin of fortunes is in building — assess fortunes on a long enough time scale and this becomes clear.