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Preserving wealth across generations

In fact, this aversion to the loss of money is so significant it has become the subject of a substantial number of studies. The 'pain' that is felt when people lose money is stronger than the 'joy' of a gain. And it is even more pronounced when a person has worked hard to build their capital base, often through diligent behaviour and determination, over many years – possibly even a lifetime.

BOOK REVIEW | Passing the Torch

The author tackles the millennia-old money curse and focuses her attention on this issue in her book because it manifested in her family. Her father grew up with wealth, yet by the time he passed he was financially dependent on his children.

Beating the odds and staying wealthy

In 1982, Forbes Magazine in the United States published its now renowned list of the 400 wealthiest Americans for the first time, ranked by their net worth. Twenty-one years later, JP Morgan conducted a study to examine the list and determine which families remained amongst the country’s wealthiest. The result was astonishing:
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