Max Abelson reports some solipsistic quotes from members of the 1% who are quite unhappy with their lot in life. Income inequality will do that to a person, especially at the top. The more you make, the more insecure you are that you're going to be able to keep making it--your income volatility goes through the roof, and small changes in your relative ranking have big impacts on how well you do.
Nassim Taleb's fragility of the power law hits hard no matter where you sit. Joshua Brown (Reformed Broker) sees this other side of inequality. Being smart about investing (or anything) is no longer any guarantee of success. The market will eat your lunch.
This common problem of the rich and poor under conditions of high inequality is an idea I'll be working with over the coming year.
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