Dikitain posted...
For ever person who grew their generational wealth, there are just as many who squandered it all away.
So?
This just strikes me as reverse-survivorship bias. If 1% of people with generational wealth translate it into billions and 99% piss it away, that still might mean it's the best predictor of extreme wealth if only 0.00001% of people without generational wealth become billionaires.
The fact that some people with "Trait X" do not display "Outcome Y" does not mean that Trait X is not positively correlated with and/or a predictor of Outcome Y.
Kill 1 man: You are a murderer. Kill 10 men: You are a monster.
Kill 100 men: You are a hero. Kill 10,000 men, you are a conqueror!