Articles & Insights
Financial Post: Managing Wealth  |  03 July 2010

Legacy stash easily blown

An ancient Chinese proverb claims that “wealth does not pass three generations.” Most cultures have similar sayings about the limited life of family wealth. The American “shirtsleeves to shirtsleeves in three generations” is thought to have evolved from the old Lancashire proverb “there’s nobbut three generations atween a clog and clog.” The Italian saying “from stables to stars to stables” grasps the transitory nature of family wealth in particularly vivid terms. Read more >