Introduction

Jay can rightly be said to be the founder of the field of family wealth. In this discussion he reflects on the journey that brought him to this work, his current role as an elder, and the paramount importance of elders for families who wish to succeed over generations. Jay also discusses the true meaning of the proverb "Shirtsleeves to shirtsleeves in three generations" (hint: it's not just about money) and specific practices that families can and must adopt to face a future of radical changes.