Perhaps it would be more accurate to say that an organization that avoids value drift and also consumes its resources slowly (more slowly than r - g) will gain resources over time.
To check I’m understanding, is the key mechanism here the idea that they can experience compounding returns that are greater than overall economic growth, and therefore come to control a larger portion of the world’s resources over time?
To check I’m understanding, is the key mechanism here the idea that they can experience compounding returns that are greater than overall economic growth, and therefore come to control a larger portion of the world’s resources over time?
That is correct.