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Where and when you're born is chance and certainly has an impact on prospects. But being born into wealth doesn't mean you'll keep it either, especially into t
by Reedx 9y ago
Where and when you're born is chance and certainly has an impact on prospects.
But being born into wealth doesn't mean you'll keep it either, especially into the 3rd generation[1]. Those kids are too far removed from the work that got there. Ever hear the saying, "shirtsleeves to shirtsleeves in three generations"?
[1] http://money.cnn.com/2014/06/25/luxury/family-wealth/index.html http://money.cnn.com/2014/06/25/luxury/family-wealth/index.h...
- wruza 9y agoI though that ‘chance’ in topic is something happening in lifetime, not at its start. Can being talented also be called a chance of genes or cultural environment then?