Ordinary wealthy people don’t care as much about getting more money because they already have a lot of it. So we should expect to be able to find overlooked methods for rich people to get richer
I’m not sure what you mean by ‘ordinary’ wealthy people (vs ‘altruistic’ wealthy people?) but I’d be pretty surprised if there were overlooked methods. In my experience (ordinary) wealthy types spend lots of time talking to other wealthy types and swap notes on how best to do the most with their money. Because they have more money, it can make sense to hire people to help you save it, eg tax accountants. In short, I reject the premise that most wealthy people are just not trying to make themselves wealthy and therefore there are $20 bills on the sidewalk for wealthy people who really care about helping others.
I’m not convinced by the examples either. I’m assuming the case with Sam Bankman-Fried is that his business didn’t require as much external investment, rather than (with no offense to him) he has remarkable negotiating skills basically all other entrepreneurs lack.
I’m not sure what you mean by ‘ordinary’ wealthy people (vs ‘altruistic’ wealthy people?) but I’d be pretty surprised if there were overlooked methods. In my experience (ordinary) wealthy types spend lots of time talking to other wealthy types and swap notes on how best to do the most with their money. Because they have more money, it can make sense to hire people to help you save it, eg tax accountants. In short, I reject the premise that most wealthy people are just not trying to make themselves wealthy and therefore there are $20 bills on the sidewalk for wealthy people who really care about helping others.
I’m not convinced by the examples either. I’m assuming the case with Sam Bankman-Fried is that his business didn’t require as much external investment, rather than (with no offense to him) he has remarkable negotiating skills basically all other entrepreneurs lack.