In a previous post, I took a look at inter-generational wealth and the “third-generation curse,” drawing upon the erosion of the Vanderbilt fortune to illustrate that idiom. Such failures occur so often in ultra-wealthy American families that “shirtsleeves to...
Given there are now more billionaires than ever, the theory of the “three-generation curse” seems particularly relevant. But is the wealth built by a first generation (most often, an entrepreneur) destined to dissipate by a third generation? Can one protect one’s...
As we know, the pandemic had a profound effect on real estate, curbing residential sales and construction in the face of economic uncertainty. And while home values picked up as things stabilized, domestic buyers must now confront a ‘perfect storm” of rising prices,...
CarMax advertising reads, “This is the way car buying should be.” But is it? CarMax offers a sell/trade service that promises an offer for your car in just a couple of minutes and once the offer is accepted and verified, it will “pay you on the spot.” CarMax makes...
I am always interested in learning more about how to meet life’s inevitable challenges with resilience and resolve. So, I was intrigued by a well-known neuroscientist’s tweet about a brain region that research has shown to be associated with the trait of mental...
How often do you think about breathing? Human beings breathe about 22,000 times a day, but we don’t give it much attention unless we’re ill or just sprinted up a steep hill. We leave breathing up to the medulla oblongata, located at the bottom of our brain stem. ...
