I think age / location / profession have a lot to do with what socioeconomic circles people run in.

Not to mention luck of the draw.

Out of curiosity, what are you cooking that requires quick changes to heat level?

I don’t think your last sentence is congruent with what you were saying before it.

You’re saying a CEO will opt for conglomeration because it either increases the value or decreases the volatility of the company because the CEO has lots of stock in the company. If that’s the case, how is it bad for the shareholders, of which the CEO is a major player?