How to Become a Billionaire in 1,000 Easy Lessons

Centre for Policy Studies is out with an 86 page report on how to become a billionaire. They looked at 1000 billionaires that were completely self-made, meaning that they didn't inherit their money. They also look at things like tax policy that supports the creation of wealth through entrepreneurship.

The level of self-employment is Silicon Valley is half that of the average of California.

I had no idea. The authors draw a distinction between “self-employment” and “entrepreneurship” by indicating that many countries have higher rates of self-employment than the U.S., but the self-employed on those countries aren't engaging in creating new products and services (the authors' definition of innovative entrepreneurship).

Fascinating stuff.