Comment by mhdempsey on When Money Is Abundant, Knowledge Is The Real Wealth · 2020-11-14T17:30:40.128Z · LW · GW

The idea of knowledge over money is romantic and one that I agree, is at times the right long-run bet. I understand you're arguing for diminishing returns here but the issue I've found is that some tiers of wealth *on average* allow one to access tiers of collectives of knowledge that meaningfully impact your ability to scale with lower effort (& thus at equal effort, faster).