It should be true because it's not all that hard to keep wealth increasing at least modestly - and let time do the work. But take heart! "The Missing Billionaires" argues that in practice inherited wealth is reliably lost over shockingly few generations.
We keep hearing that. (Because it sounds good).
It should be true because it's not all that hard to keep wealth increasing at least modestly - and let time do the work. But take heart! "The Missing Billionaires" argues that in practice inherited wealth is reliably lost over shockingly few generations.