Family Wealth: Keeping It in the Family--How Family Members and Their Advisers Preserve Human, Intellectual, and Financial Assets for Generations (Bloomberg Book 34)
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Family Wealth: Keeping It in the Family--How Family Members and Their Advisers Preserve Human, Intellectual, and Financial Assets for Generations (Bloomberg Book 34)
Deep Roots, Hard Looks, and Change — Permanent Equity: Investing in Companies that Care What Happens Next
Emily Holdmanpermanentequity.comThere is one aspect of this process of change or modernisation which we must avoid at all costs – that is the break up of the three-generation family. The three-generation family is a rarity now in Western Europe and in America. Yet it is still common in Japan, South Korea, Taiwan and Hong Kong, despite their industrialisation and modernisation. It
... See moreKuan Yew Lee • The Wit and Wisdom of Lee Kuan Yew
As we’ll see in chapter 6, 40% of companies successful enough to become publicly traded lost effectively all of their value over time. The Forbes 400 list of richest Americans has, on average, roughly 20% turnover per decade for causes that don’t have to do with death or transferring money to another family member.17
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Sociopaths design the system this way because they are only interested in building an organization that lasts long enough to extract the easy value from whatever market opportunity motivated its formation. Expensive investments that will not pay off before the organization hits diminishing returns are not made. (It is revealing that the longest-liv
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