“Family offices have for hundreds of years been protecting and growing family wealth, based on a number of unique long-term investment strategies. They’ve also been helping families pass on their wealth through the generations. The skills necessary for building wealth – including the habits and the customs that allow you to hold onto it and pass it along to the next generation – can take a long time to accumulate. Why are the Swiss so wealthy, for example, and the Bolivians… or the Zimbabweans… or the Albanians… or the Baltimoreans… so poor?  The Swiss have the habit of wealth; the others do not. There are some skills that take more than a generation to acquire.”

http://www.billbonnersdiary.com/articles/bonner-my-money.html

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