[solidsnack9000]

“Talent” in the article seems to be specifically ability to improve one’s store of cash independently.

Some athletes may have that talent, and some not — enterprising and disciplined people are broadly effective in life while the merely gifted struggle to tie their own shoes in the morning.

Allocating capital to these latter people often does result in its destruction, as you point out. There is a social cost when capital ends up in the hands of people who can’t grow it.