Selection bias. You're specifically selecting for people whose only money is money they inherited; failures, in other words.
There's a lot of children of rich people who are quite successful in their own right. Bill Gates, for example, did not come from a poor home. And the other thing you have to watch out for is reversion to the mean. It's unlikely Gates' children will outdo him.
Selection bias. You're specifically selecting for people whose only money is money they inherited; failures, in other words.
There's a lot of children of rich people who are quite successful in their own right. Bill Gates, for example, did not come from a poor home. And the other thing you have to watch out for is reversion to the mean. It's unlikely Gates' children will outdo him.