Success is a miserable teacher. It tempts intelligent people to believe they cannot lose. And it is an unreliable guide to the future.
Bill GatesContrary to Pikettyโs rentier hypothesis, I donโt see anyone on the [Forbes 400 list of the wealthiest Americans] whose ancestors bought a great parcel of land in 1780 and have been accumulating family wealth by collecting rents ever since. In America, that old money is long gone - through instability, inflation, taxes, philanthropy, and spending.
Bill Gates