3min chapter

The Compound and Friends cover image

Where is the Crash?

The Compound and Friends

CHAPTER

The Silver Linings of Generational Wealth Transfer

The culture of philanthropy, and I would say it was really started with Ben Franklin. There's no tradition of that anywhere else in the world. It doesn't exist in Europe, in the UK. And so that, I think it has to do with this anti-Aristocracy view that was so sort of embedded in this history. We don't like it.

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