Nepotism

Warren Buffett’s Final Trade: Proving Meritocracy Is a Lie

For decades, Warren Buffett preached the gospel of meritocracy, mocking the idea of dynastic wealth. Then he handed the keys of his $900 billion empire to his son. The contradiction isn’t just hypocritical—it exposes the fragile, cult-like reality of Berkshire Hathaway’s true moat.

The Myth of Meritocracy: Why Your Network Is the Only Thing That Matters

The study found that children with economically diverse friends earn 20% more — but that gap is between $27k and $47k, not across class lines. Nepotism is the engine of success, not hard work. The American Dream is a lottery ticket sold by people who already own the lottery. Stop waiting for meritocracy and start building your network.