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The personal staff hiring problem for high-net-worth types: pick 2 of 3: {smart, trustworthy, not easily bored}. Hard to find this profile. One reason wealth concentration leads to financialization is that the trifecta is most common in the finance professions.
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Yes. That’s the most common profile of a backstabbing betrayer who hides his time and then takes you for all you’re worth. The talented mr ripley type
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Hmm possibly a little bit. But finance also has intrinsic qualities that make it a not-easily-bored field. It’s not just people selecting into it because rich people demand finance skills. Rich people also like other things that they find harder to staff.
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