4 ms·
Rags to rags in three generations, don't forget. These people are not Warren Buffett and most likely do not share his skill, luck, and psychological investment.
by mitxela 1mo ago
Rags to rags in three generations, don't forget. These people are not Warren Buffett and most likely do not share his skill, luck, and psychological investment.
- detourdog 1mo agoThe grandson was in FFA (Future Farmers of America) in high school. My guess is the Buffett family values environment was not typical suburban USA.
- mgfist 1mo agoBuffett’s giving almost all his wealth away so not the usual rags-to-rags. The grandson has a pretty successful career already anyways (helped obviously by his relation to Warren)
- aitchnyu 1mo agoHeard that proverb. I'm more inclined to believe rich families from 1400s are rich now. Family wealth can be preserved by sending spare sons and daughters to monastic life. https://qz.com/694340/the-richest-families-in-florence-in-1427-are-still-the-richest-families-in-florence https://qz.com/694340/the-richest-families-in-florence-in-14...