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Old 08-10-2016, 12:04 PM   #3971 (permalink)
Jacob Sartorius
 
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Why Rich Families Lose Their Wealth

Most families squander and destroy their wealth after three to four generations.
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Old 08-10-2016, 12:09 PM   #3972 (permalink)
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I hate when articles cite statistics without any kind of source.
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Studies show that when a given norm is changed in the face of the unchanging, the remaining contradictions will parallel the truth.

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Old 08-10-2016, 12:10 PM   #3973 (permalink)
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Look the subject up. Their are dozens of articles written on it.
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Old 08-10-2016, 12:19 PM   #3974 (permalink)
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I just did, very difficult to find the source of that information. All I can find is some doctorate research that interviewed accountants and lawyers for rich people. It'd be cool if there were some hard numbers on this because at this point in my lazy search (looking at all the results for "why wealthy families lose their money" and "why families lose their money research"), it all sounds like conjecture and theorizing.

I'm a pretty big stickler about research methods.
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Old 08-10-2016, 12:24 PM   #3975 (permalink)
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70% of Rich Families Lose Their Wealth by the Second Generation

And I can say from experience it's true. My great grandfather had built the company Gordmans. I haven't seen any of the money from it.
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Old 08-10-2016, 12:26 PM   #3976 (permalink)
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I agree that it happens for sure, I'm just uncertain about the scale of it. I want the statistics themselves, not statistics about the statistics.
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Old 08-10-2016, 06:12 PM   #3977 (permalink)
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Quote:
Originally Posted by Man like Monkey View Post
No that's ridiculous.
Pay me what you owe me Fluffy!

I'm coming for it whether you like it or not.
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Fame, fortune, power, titties. People say these are the most crucial things in life, but you can have a pocket full o' gold and it doesn't mean sh*t if you don't have someone to share that gold with. Seems simple. Yet it's an important lesson to learn. Even lone wolves run in packs sometimes.


Quote:
Originally Posted by RoxyRollah View Post
IMO I don't know jack-**** though so don't listen to me.
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The problem is that most police officers in America are psychopaths.
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You're a terrible dictionary.
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Old 08-10-2016, 07:01 PM   #3978 (permalink)
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Quote:
Originally Posted by djchameleon View Post
Pay me what you owe me Fluffy!

I'm coming for it whether you like it or not.
Well my family's Irish and weren't even here at the time so I don't owe you ****. You probably have more slaveowner blood in you than I do.
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There is only one bright spot and that is the growing habit of disgruntled men of dynamiting factories and power-stations; I hope that, encouraged now as ‘patriotism’, may remain a habit! But it won’t do any good, if it is not universal.
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Old 08-10-2016, 07:11 PM   #3979 (permalink)
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Well my family's Irish and weren't even here at the time so I don't owe you ****. You probably have more slaveowner blood in you than I do.
Is your name Fluffy?

Also like I said earlier it would only pertain to slave owner descendants not you and your immigrant ancestors.

I might have slave owner blood in me but I have no clue. I'm curious to do a DNA kit to see every thing that's in my blood.

I'm pretty sure I'm Portuguese.
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Fame, fortune, power, titties. People say these are the most crucial things in life, but you can have a pocket full o' gold and it doesn't mean sh*t if you don't have someone to share that gold with. Seems simple. Yet it's an important lesson to learn. Even lone wolves run in packs sometimes.


Quote:
Originally Posted by RoxyRollah View Post
IMO I don't know jack-**** though so don't listen to me.
Quote:
Originally Posted by Franco Pepe Kalle View Post
The problem is that most police officers in America are psychopaths.
Quote:
Originally Posted by The Batlord View Post
You're a terrible dictionary.
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Old 08-10-2016, 07:54 PM   #3980 (permalink)
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Quote:
Originally Posted by djchameleon View Post
Is your name Fluffy?

Also like I said earlier it would only pertain to slave owner descendants not you and your immigrant ancestors.

I might have slave owner blood in me but I have no clue. I'm curious to do a DNA kit to see every thing that's in my blood.

I'm pretty sure I'm Portuguese.
I think my dad is supposed to be Polish or something, so I'm a turn-of-the-20th-century immigrant mongrel.
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Quote:
Originally Posted by J.R.R. Tolkien
There is only one bright spot and that is the growing habit of disgruntled men of dynamiting factories and power-stations; I hope that, encouraged now as ‘patriotism’, may remain a habit! But it won’t do any good, if it is not universal.
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