alt Hacker NewsYes. Investment gains are not work, inheritance is not work,capital appreciation is not work, winning the PayPal stocks lottery is not work.
Yes. Investment gains are not work, inheritance is not work,capital appreciation is not work, winning the PayPal stocks lottery is not work.
> Investment gains are not work
Say, for example, my job is allocating capital across the S&P 500. My work is picking the stocks, the fruits of my labour are excess returns.
Are those excess returns not work? What are they?