(by Michael Louie as originally appeared at Succession Today!)
Sayings, all well put, from David and Goliath by Malcolm Gladwell, in three different languages:
- From shirtsleeves to shirtsleeves in 3 generations
- Dalle stelle alle stalle (from stars to stables)
- Quien n lo tiene, lo ance; y quien lo tiene, lo deshance (he who doesn’t have it, does it, and he has it, misuses it)
Wealth contains the seeds of its own destruction. Malcolm Gladwell writes that a family can accumulate a certain amount of wealth – up to a point. Beyond that point, the ambition of the next generation diminishes, often rapidly, much like a tipping point. The dollar amount of that wealth is not a specific amount, more a state of mind and the emphasis from the parents of sharing/teaching their core values in the upbringing of their children.
Learn, think, apply!
