Seth Walsh
Iconoclast
Contributor
- Joined
- Jan 12, 2020
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You’re not competing with men and women on higher salaries on the open market, you’re competing with entire family systems compounding behind them.
The invisible balance sheet alters the probability distribution of EVERYTHING else. Ability to buy your own house or rent forever? Socioeconomic status of your continued peer group. General slack and ease. Freedom from employer coercion and bullying. Ability to gain your own capital and compound it for your future generations, or simply, not. Access to institutions, will you use institutions or BE USED by them? Introductions. Uncle knows a guy at JP Morgan, son's career sorted.
It changes not just what outcomes are possible, but which risks you are even allowed to take.
The invisible balance sheet alters the probability distribution of EVERYTHING else. Ability to buy your own house or rent forever? Socioeconomic status of your continued peer group. General slack and ease. Freedom from employer coercion and bullying. Ability to gain your own capital and compound it for your future generations, or simply, not. Access to institutions, will you use institutions or BE USED by them? Introductions. Uncle knows a guy at JP Morgan, son's career sorted.
It changes not just what outcomes are possible, but which risks you are even allowed to take.
