Whoever fails to satiate in capital rationally saves more, and therefore ends up holding most of the wealth in the long run.

Drawn from what Phil Trammell said

What this subject means

investing Putting money into markets on purpose: what a portfolio is for, whether active management earns its cost, and what money is actually a means to.

What Phil Trammell actually said

Phil Trammell 4 Jun 2026 Economist working on the economics of transformative AI

Then the person who doesn't satiate in capital is going to have if they're being rational they're going to have a higher savings rate.

Where this was said
Watch from 0:48:32 plays here
↗The better AI gets, the smaller its share of the economy might get – Alex Imas and Phil Trammellyoutube.com

4 Jun 2026 · video · 1h 16m · spoken · machine transcript

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