With untold billions wiped from the balance sheets of the worlds rich, thank goodness someone is taking the business of long term prosperity seriously.
Troika Dialog, the largest independent investment bank in Russia, is launching the Heir School. According to the marketing blurb, While generally a blessing, inheritance can also come with certain inconveniences The fact that 70% of family wealth is squandered by the first generation of heirs is far from comforting. What can you do to ensure that your heirs are among the 30% who will preserve family wealth and hand it over to their own children?
What indeed? Apparently the oligarchs of tomorrow will meet asset management experts and successful businessmen, helping them to manage a fortune, and make valuable contacts. The program may even inspire some of them to choose a career in investment. No prizes for guessing which investment that might be.