Strangers in Paradise: How Families Adapt to Wealth Across Generations by James Grubman

Author:James Grubman [Grubman, James]
Language: eng
Format: azw3
Published: 2014-02-06T00:00:00+00:00

The degree of forewarning and preparation: Packing for a journey is easier for most people when they know the timetable and have an idea what they’ll need when they arrive at their destination. Short engagements before marriage or sudden liquidity events leave lit­tle time for the psychological preparation many people need when facing dramatically new circumstances. Gradual business success culminating in a planned liquidity event, for example, allows more opportunity to acclimate to wealth than winning the lottery.

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