3 Comments

To make $110 million on a trade you gotta have a lot of cash in the game. Headlines like that make people approach the stock market like a casino.

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I’d say even with all the resources this kid brought to his investing, his big payday was more like winning the lottery than calculated stock trading. Dumb luck indeed.

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You’re right. The idea that couples marry for love and not money is a relatively new and it seems to me never universally accepted ideal.

Today well educated higher income people are marrying and staying married at high rates, while lower income people are not. The former group is obviously making good use of the benefits of marriage and in particular of pooling earning power.

Women, who stereotypically are thought to be more "romantic" than men, get this. Data shows that high income women are more likely than high income men to marry someone with similar earning power. (Men still marry their secretaries I guess. )

It also seems that women at all economic levels are considering earning potential when selecting mates. Young native born men who are “NEET” (not in education, employment, or training) are having a particularly hard time finding partners. Being a "good provider" can cover at least a few other sins.

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