Family Business Blog
Sep 22, 2013
When it comes to family business there is a saying that's common around the world. In some countries it's 'shirtsleeves to shirtsleeves in three generations', in others it's 'clogs to clogs...' in China they talk about how the first generation creates the wealth, the second lives off it and the third generation waste it. Read more...
Dec 13, 2010
The recent Dealers Group Family Office Congress included an attention-grabbing presentation by Michael Southam of the Swiss-based Rockcliffe Partners titled ‘How to Lose a Billion’. In it, Southam described what he called his ‘glorious heritage’ as the descendant of two wealthy European families that commenced in businesses in the 1800s. Though growing up with the trappings of wealth he discovered to his dismay, that by the time he was ready to assume control, the larder was bare. Read more...
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