General Wisdom: Is there safety in numbers?
November 15, 2008 by property
Filed under Compare Singapore Home loans
SAFETY IN NUMBERS
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Many times, we wonder if everyone is correct. Everyone says buy and so it should be safe right?
Everyone says it’s no good, so it should be bad?
Statistics show that roughly 10% of the population controls 90% of the wealth (varies between countries of course).
If 90% of the people are correct, then why aren’t the 90% of the people controlling 90% of the wealth?
In fact, if they are right, 90% of the people should perhaps control 99% of the wealth or higher.
The truth is, there is no safety in numbers. Otherwise the wealth will be evenly distributed.
Your thoughts?
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