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[quote=Anonymous]Okay I come from a big, wealthy family four generations out from one guy who made a huge pile and here’s what I would say:

1) Parenting is relevant, but sibling variation is also huge. Like some branches have more issues than others with certain elements of mental health and such. But that doesn’t mean you can’t have huge variation in life outcomes within a nuclear family where parenting was the same and the average range is pretty big I would say.

2) almost nobody makes a lot of money. Talking a lot a lot. Plenty of people with solid professional careers and a few people who take risks for bigger rewards, but those are risks so that comes with failure.

3) the best way to preserve the original pile is to have fewer children. Barring someone who spends a ton of it or someone who makes a lot, both of which are unusual, the people who have fewer kids just ended up with a bigger piece of that original pile. I know this is obvious math but people forget about it and tend to think in terms of “squandering” when this is a bigger factor. 
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