The question is, will diversity actually make you rich?

And when we talk about diversity, we talk about diversity in terms of a

context of a company. And this is from Chumath Pali Hepatio.

And this actually comes from Wall Street Journal. So I don't know if you know this, but there's a study done in 2015 that everyone cites from

McKinsey where it declared that it had found a link between profits and executive, racial,

and gender diversity.

It was a breakthrough, right?

The research was used by investors.

You're saying not diversity in your money.

You're talking about diversity.

D. E. I thought you meant diversity is like owning multiple.

It was like, no, Bill Gates would have been richer if he just kept his

Microsoft shares. So anyway will diversity make you rich? So the question here is okay

Mackenzie declared in 2015 and I found a link between profits and executive racial and gender

diversity. It was a breakthrough. The research was used by investors, lobbyists, and

regulators to push for more women and minority groups on boards and to justify

investing in companies that appointed them, which we've seen in the last couple years, right?

Now, since 2015, the approach has been tested in the fire of the marketplace and failed.

Academics have tried to repeat McKinsey's findings and failed,

concluding that there is no link between profitability

and executive diversity.

And the methodology of McKinsey's early studies,

...