One of my strongest interests (personally and professionally) is about how values are instilled in children. While virtually all parents desire to hand down their deeply held values, the process for doing so, and its success or failure, has particular importance in wealthy families. Many of them want to develop motivated young adults with strong character in the face of assets that can potentially dampen or even eliminate the need for work and independence. I am honored to have been Read more »
Wealth Psychology Consulting
Family Wealth and Legacy: Values are Valued
I recently heard an interview with John Densmore (drummer for the famous rock band The Doors). He described the intense conflict he got into with former bandmates Ray Manzerek and Robby Krieger over, primarily – money. No big surprise there. Densmore explained that he was sued by the former band members for harming them financially. He proudly gave the example that he would not agree to accept millions from Cadillac for the rights to a Doors song for a commercial. Read more »