You're Smart! So Why Aren't You Rich???
If You’re So Smart, Why Aren’t You Rich? Scientists Say It's Your Bad Luck... As it turns out, the most successful people are not the most talented ones. They are just the luckiest! At least that's what a new computer model of wealth creation suggests. Taking that into account could maximize returns on just about any kind of investment. The distribution of wealth follows a well known pattern sometimes called an 80:20 rule. 80 percent of the wealth is owned by 20 percent of the people. A report last year concluded that just eight men had a total wealth equivalent to the wealth of the world’s poorest 3.8 billion people. This seems to occur in all societies at all scales. It is a well studied pattern called a power law that crops up in a wide range of social phenomena. But the distribution of wealth is among the most controversial because of the issues it raises about fairness and merit. Why do so few people have so much wealth? Traditionally people have thought that...

