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The "Ovarian Lottery" is a concept proposed by Warren Buffett to describe the randomness of birth. According to this concept, individuals do not have control over the circumstances they are born into, such as their family's wealth, their country of birth, or their innate abilities. Buffett used this term to argue against the automatic inheritance of wealth, believing that it perpetuates inequality and doesn't necessarily reward merit or hard work.
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When a group of economists came up with the Efficient Market Hypothesis, to explain how it was impossible for multi-billionaire investor Warren Buffet...
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If Buffett cared about his outer scorecard, he would have realized many losses. His belief that inheritance tax should be increased, ruffled many feathers. Calling it the "Ovarian Lottery," he didn't believe that children should automatically win their family's wealth. Not only did he alienate the business world with this campaign, but he divided his family, applying the same principle to his own children and siblings. He shunned his adopted granddaughter in a letter saying that he had "not legally or emotionally adopted" her as a grandchild.
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