Comment by allthetime

I know a lot of traders from both university and growing up around rich kids. Their parents are invariably very wealthy. They were the ones who had the time and safety net to sit around on computers all the time (like me becoming a programmer)

I’m not in the trading world though so I haven’t met the ones that don’t fit this description.

But exactly zero of the people I know who were raised in either poverty or mediocrity are traders or involved in finance, aside from maybe accounting.

Of course, this is all anecdotal - but I’ve only ever seen Bloomberg terminals outside of office settings in the apartments of wealthy children.

Perhaps things were a bit different decades ago, in the scrappy past, but it feels like most higher earning spheres are closing in around pre-existing wealth.