Sublime

I believe that many families could strengthen their family governance practices by implementing a trustee reaffirmation system.

Long-Term Wealth Preservation as a Question of Family Governance

But families attempting to overcome the “Shirtsleeves to shirtsleeves in three generations” proverb should define short-term as twenty years, or one generation; intermediate as fifty years, or two generations; and long-term as one hundred years, or three generations. This difference of view profoundly affects the nature of the assets and liabilitie

to participate in the great decisions of government. There was, Lippmann brooded, no “intrinsic moral and intellectual virtue to majority rule.” Lippmann’s disenchantment with democracy anticipated the mood of today’s elites. From the top, the public, and the swings of public opinion, appeared irrational and uninformed. The human material out of wh

Lehman Brothers

the family balance sheet measures human and intellectual capital as well as financial capital. The family balance sheet is an attempt to measure how well a family is managing its human capital. A family balance sheet is an addition to, not a substitute for, a family financial statement. A family wealth management business, like every other financia