tag:blogger.com,1999:blog-1527840491496268397.post4239354253176930178..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: Easy Come - Easy GoUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1527840491496268397.post-17410577527584934282014-06-02T16:47:33.838-07:002014-06-02T16:47:33.838-07:00Thomas Piketty would assume that a family that got...Thomas Piketty would assume that a family that got rich through taking his risks would shift to a wealth-preservation low risk strategy. Of course the nature and nurture within the family inclines the scions to gamble just like their ancestors. Some get really rich others, others get wiped out.Steve Sailerhttps://www.blogger.com/profile/11920109042402850214noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-22807641205179608232014-02-02T00:46:15.462-07:002014-02-02T00:46:15.462-07:00Good call, I should have mentioned the Howard Mark...Good call, I should have mentioned the Howard Marks accident of birth theme.CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-8351402194444543012014-02-02T00:38:04.154-07:002014-02-02T00:38:04.154-07:00More Howard Marks. The family's wealth revert ...More Howard Marks. The family's wealth revert to the mean because they started out at a multiple-standard deviation condition that was unlikely to be replicated in future periods, ie, starting a real estate empire during the Great Depression.<br /><br />Anyone who STARTED anything during the Depression and survived was almost bound to get rich.Taylor Conanthttps://www.blogger.com/profile/18270678440957992085noreply@blogger.com