• DancingBear@midwest.social
    link
    fedilink
    arrow-up
    3
    arrow-down
    1
    ·
    edit-2
    1 day ago

    There is an 87% chance that any random stockholder is in the top 10% of wealth in the country.

    Edit: If you divided all the stocks by issue number and put them in a basket, chose one randomly, there is an 87% chance that that specific stock belongs to someone in the top 10% of wealth in the country.

    I get it, you might have some stock, your family members might have retirement accounts based on stocks.

    This still does not change my FACT above.