this post was submitted on 10 Apr 2025
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I always like to mention Warren Buffet completely disowned one his grand daughters for appearing in a documentary about rich people made by the heir to the Johnson & Johnson fortune.
What's your feeling on that? Happy because less generational wealth or mad because he is against transparency?
Decreasing inheritors keeps the money more concentrated, which keeps it in the family longer. The more quickly it's diluted, the faster that wealth power fades.
Good point.