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Why Do Fortunes Disappear by the Third Generation?

Sep 21

1 min read

What determines how long a family lasts may not be money at all

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What is it that is truly passed down through a family?

Reflections on family legacy and the adage that "wealth does not last beyond three generations": beyond material assets, ancestors may bequeath reputation, character, family precepts, systems, and habits—or, conversely, debts and trauma. The *Book of Changes* (I Ching) observes that "a family that accumulates goodness is sure to have abundant blessings, while a family that accumulates evil is sure to suffer lingering misfortune." This raises a question: what will the choices we make today ultimately leave to future generations?

Why Do Some Families Thrive for Centuries?

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