It is said that some wealthy parents offer their children money but not love and those children grow up with a void that no amount of money can replace. The reason, I suggest, that such parents neglect their kids is that the opportunity cost of spending time with their children is simply too high.
An hour of making faces at your precocious two-year-old? That might cost a middle-class parent some $60 of lost overtime, a small price to pay for priceless moments. But that same hour might amount to $20,000 of foregone capital gains for some mega-rich hedge fund manager.
I’m pretty sure nobody loves their kid that much.
