5 Comments
 

It's not really a matter of interpretation. It means having access to connections with wealth as a backstop when you're starting out.

Commercial Real Estate Developer
 

Agreed.

It's not a level playing field in many or all industries. As CRE said, a lot of kids with family money have access to wealthy connections, thereby exposing them to better opportunities (jobs, education, network, etc.).

If one didn't start out on 3rd base, its nothing to dwell over. 99% of people did not. You just have to bust your ass harder than the kid on 3rd base to get where you want to be.

 

Generally, a better education, like either private school, boarding school, or a good public school district. Parents have enough connections to make sure you have a good internship your freshman and sophomore year, so you have a leg up during junior recruitment, whereas non-connected kids are at a huge disadvantage pitching themselves to companies as a freshman.

Although the kids that start on third base and think they hit a homerun a lot of times are kids whose parents own a business, that they can presumably take over at some point. So they think they don’t have to worry, but then eventually might have a wake up call where they realize this path might limit their potential or is undesirable for one reason or another.

 
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