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re: The Millionaire Next Door sequel has a couple of surprises
Posted on 7/24/18 at 1:59 pm to slackster
Posted on 7/24/18 at 1:59 pm to slackster
quote:
That's also a flawed statistic. You're measuring how many millionaires are teachers or doctors instead of how many doctors or teachers are millionaires.
Yeah. Admittedly, I am ignorant on the exact methodology of this book, but it seems like a truly interesting approach would be a longitudinal study of a large number of people.
You can't just take a snapshot of wealth data and start drawing conclusions. Too many other factors in play. Inherited wealth being only one of them.
This post was edited on 7/24/18 at 2:01 pm
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