Family Wealth: Keeping It in the Family--How Family Members and Their Advisers Preserve Human, Intellectual, and Financial Assets for Generations (Bloomberg Book 34)

It is only through the lowering of time preference that individuals begin to appreciate investing in the long run and start prioritizing future outcomes. A society in which individuals bequeath their children more than what they received from their parents is a civilized society: it is a place where life is improving, and people live with a purpose

Fortunes require leverage. Business leverage comes from capital, people, and products with no marginal cost of replication (code and media).