By Charles Lowenhaupt
In my experience, getting rich takes vision, hard work, and good luck. Wealth inheritors have the luck, but they often lack the vision and hard work. So preserving wealth is a whole different matter from creating it.
I have been very fortunate to have known wealth creators, either directly or through their descendants. One of the most impressive I ever met was a Japanese industrialist who I had the privilege of meeting as a teenager.
He is still alive today and almost one hundred years old, and his life is instructive about what is possible.Read More