Rich families typically ....
Rich families typically stay rich, and poor families stay poor. Eventually there’s a regression to the mean, he wrote, but “the process can take 10 to 15 generations (300 to 450 years).”
Gregory Clark, an economist at University of California
It's strange but family management is better than professional management from MBA students .. Why? alignment of objectives.
HBR - Rich families typically stay rich-most-family-businesses-really-fail-by-the-third-generation
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