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I donât think heâs particularly concerned about that
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You canât afford it anymore.
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What is it with people who inherit massive amounts of money? Clearly, good business sense is not genetic, because they seem to go out of their way to invest in losing propositions. Blind luck would mean theyâd get it right half of the time, but nope.
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Hard times create hard people.
Hard people create soft times.
Soft times create soft people.
Soft people create hard times.
Hard and soft are the wrong adjectives, but:
Wealth-founder works 23-hour days to establish the wealth.
Second generation gets to network with their wealthy peers at private schools, while being vaguely grounded by first-gen. Networking maybe increases the intergenerational wealth. Second gen feels restrained by first gen and splashes the cash once financially independent.
Third-gen is spoiled rotten by 2nd gen.
Actually, give it 2 more generations - you probably need first-gen dead and buried for the family to have forgotten that the clan founder didnât have the advantages theyâve received.
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His Twitter:
https://twitter.com/EduardHabsburg
But just for the record, this isnât true in the broad sense. I think itâs important to note at a time when so many are claiming that trying to be decent to one another is somehow weakening western civilization that thatâs not how things work.
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Aye, at best it can describe how the great-grandchildren of Rockefeller were broke.
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thereâs a reason they send those kids to art school
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You know, when I was in school, you went into the business world if you werenât good at either academic subjects or the trades. It was for the C students who didnât have any strong sense of what they wanted to do, other than make a decent middle class (at the time) living.
Art school required more work than what was necessary to get a job in an office and hopefully work oneâs way up to at least middle management.
Itâs still so strange to me that everyone wants to go into business and finance now, because those two related fields are seen as what a smart person should do to make lots of money.
(Full disclosure: Iâm in the financial world myself. It does not make me proud.)
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It is a lot of workâbut it doesnât particularly matter whether theyâre any good at it or not
Trust-fund art-world people arenât expected to make a living at it, just to stay out of the way while the grownups take care of serious things
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Bezos sayân Fuck Elon Musk in his own way:
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Yay! More space junkâŚ
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Why didnât they include 4chan, 8kun, kiwi farms (!) and the rest in their suit?
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Managers were recently told to provide a list of people who ought to be promoted, says one former staff member still in touch with some who remain working. Little did they realise they were signing their own death warrant: many of those managers were subsequently fired and replaced by those theyâd recommended, as part of a cost-cutting drive.
ETA: Non-paywalled version here
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Paywalled. However, I do have to admire a site that pops up a Samsung ad that completely covers the entire âSubscribe nowâ pop-up after 2 seconds
