Make Generational Wealth: Main St vs Wall St Recessions, Portfolio Math, Fed Watchers & Family Offices
Pirates of Finance
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The Importance of Family Offices
"I don't know why we sort of accept that a family, someone who who 100 years ago sold a business and made a shit ton of money. Like why the fourth generation has any insight into how this money should be utilized?" he says. "Why is that fourth generation person necessarily the best person to have that money? Why wouldn't it be better if that first generation's person just spent lavishly and circulated the money?"
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