3min chapter

People I (Mostly) Admire cover image

63. The Only Covid-19 Book Worth Reading

People I (Mostly) Admire

CHAPTER

Wall Street

Wall Street has been able to capture greater and greater rents. The pay has gone up and up and up. How do you explain that? I'm not surprised, when you have huge market that people who are savvy will take advantage of others. And also, i think when you've got some people who are afraid of risk and some people don't mind risk, then the people who are willing to take risks will get paid in terms of being intermediated.

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