More than anything, it's the mindset which determines an investor's ability to achieve towering returns and long-term success.Few are better equipped to explore the mindset of the world's greatest investors than William Green, who has interviewed, studied and befriended more than fifty of the leading global investors over the last 25 years. William authored “The Great Minds of Investing” (2015) and most recently "RICHER, WISER, HAPPIER: How the World's Greatest Investors Win in Markets and Li...
A lot of research has been done on wealth preservation and transfer across generations, finding that nearly 60% of the time a family's money is exhausted by the children of the person who created the wealth. In 90% of the cases it's gone by the time the grandchildren die.The people who created the wealth were often obsessive, but often their kids are not.Perhaps the most famous example is the Vanderbilt family. Cornelius, the patriarch, built a fortune on railroads and shipping during the mid...