Wealth Generation
What Is the Real Wealth of the Second Rich Generation?
The son of share god Buffett Peter Buffett wrote an autobiographical book – “To Be Yourself”. He told a very interesting story when he promoted in China. As a young man, he had fundraised for a musical tour. Those investors, sponsors do not understand: so easy thing, you can just ask your father to help you? Peter was lost, and took a lot of strength to emphasize that he is Peter rather than little Buffett. But now he understands that father let him to raise money, and then let him be in charge of the remaining 10%. This let him experience love of his father for him and respect – his father gave me to get the chance of success. Actually, Peter still has a natural advantage. As the famous American musician, Emmy Award winner, he is the most famous rich second generation in the world. He had various resources starting from birth, and had different starting point with others. And even though Peter really got into financial trouble, Buffett also could give limit support so that Peter in the competition was definitely better than the others in bottom spirit.
Of course, this rich second generation also may not be completely good. In the United States, for a variety of reasons, the success of rich generation is widespreadly doubted about. The second generation is always linked with ignoble news together. They are successful, which seems to be inevitable. They decadent, also accord with “make it an epic jewel” value. Their journey is under great pressure of public opinion from the start.
Share god chooses not to leave their children the house, and give the child environment creating life on his own, which is actually quite clever. Some say this is speculation, to win a reputation; And some say this is because the U.S. inheritance tax is too high, even he do not spread money, he will not leave much to children. Although there is some truth in these statements, but in reality people who do are still rare.
The real wealth of rich second-generation should not the born richness but should be rich experience and confidence of the elder generations. Simply directly inheriting existing material success of family, without own imbarking course, they never realize the feeling after parents struggle. And in lost way, they tend to rely on dazzling richness to emphasize sense of achievement, which is the same to teaching of Buffett to the son.
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February 6, 2012 3:47 am
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