Quote from bearmountain:
Incorrect assumption. If history is any guide, most fortunes are lost within 4 generations. Mostly due to the incompetence of their children. Why do you think Warren Buffet is so against passing on his wealth to his children.
Hungry Lions hunt best.
That, or it could be the exponential growth of the number of family members throughout the generations (not to mention messy divorces and mitigating circumstances) - these things have a tendency to make portfolio returns irrelevant.
