Skin in the Game by Nassim Nicholas Taleb

Author:Nassim Nicholas Taleb
Language: eng
Format: epub
Publisher: Random House Publishing Group
Published: 2018-02-27T05:00:00+00:00

Consider that about 10 percent of Americans will spend at least a year in the top 1 percent, and more than half of all Americans will spend a year in the top 10 percent.*3 This is visibly not the same for the more static—but nominally more equal—Europe. For instance, only 10 percent of the wealthiest five hundred American people or dynasties were so thirty years ago; more than 60 percent on the French list are heirs and a third of the richest Europeans were the richest centuries ago. In Florence, it was just revealed that things are even worse: the same handful of families have kept the wealth for five centuries.

Dynamic (ergodic) inequality takes into account the entire future and past life.

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