[robot_no_421]

>Where management is helped more by having resources than it is by understanding it.

There are many examples of lottery winners, athletes, and celebrities who came across considerable resources yet still went broke because they didn't understand how to manage it or the concept of exponential growth.

A fool and his money are easily parted, as the saying goes. People who don't have financial literacy will lose their money over and over again regardless of how much you give them.

[taeric]

There are, but there are also plenty of examples of lottery winners, athletes, and celebrities that came across considerable resources and then lived quite well on said resources. Probably more of those, but the stories are far less dramatic.

You are also picking a category of people that come across enough resources that make them a target to plenty of others. Such that it is almost an adversarial game, at that point.

[robot_no_421]

>Probably more of those, but the stories are far less dramatic.

Evidence shows that having an excess of resources actually leads to more financial irresponsibly, not less. Or as the Illustrious Notorious B.I.G. eloquently put it: "mo money, mo problems":

"The CFP Board of Standards says nearly one-third of lottery winners eventually declare bankruptcy, and lottery winners are more likely to declare bankruptcy within three to five years than the average American."

https://www.ngpf.org/blog/question-of-the-day/question-of-th....