When Ikea founder Ingvar Kamprad died in 2018, he could claim a net worth of $58.7 billion. Kamprad’s enormous wealth is unsurprisingly a rejection of the way in which media types explain wealth creation.
To see why this is true, just Google Google 0.0% “pricing power” in concert with “stock-price increase.” Your computer will explode. Which is an exaggeration, but not too much.
To read about corporations is to read analyses correlating so-called “pricing power” with an increase in a company’s share price. It all makes sense, right? Investors prioritize profits, and if a company has “pricing power”…
Read the entire article at Forbes
