Two paragraphs that explain everything
I’m not exaggerating that much, this is pretty concise / complete:
The key insight is that the ultra-rich are different from you and me: they have much higher saving rates regardless of their age. No matter how expensive your tastes, there’s a limit to how much you can consume, which means any income above that threshold has to get saved. The ultra-rich therefore spend relatively small shares of their income on go…
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Did you miss our previous article…
https://www.investorsbankhours.com/?p=128
