Studying chinese pattern of wealth creation, the 3 cycle does come to light!
1. First wealth is created by the first.
2. Second, wealth is expanded by the second generation and
3. Third, it is squandered by the 3rd.
Case in point: Low family of Penang Malaysia
First gen; Businessman of mining interest
Second gen; Holdings company investing (read: invest money in companies then harvest later)
Third gen: Party boy! (per newspaper, dealt with movies, properties and luxurious places!)
Look at what money can buy!!
1. First wealth is created by the first.
2. Second, wealth is expanded by the second generation and
3. Third, it is squandered by the 3rd.
Case in point: Low family of Penang Malaysia
First gen; Businessman of mining interest
Second gen; Holdings company investing (read: invest money in companies then harvest later)
Third gen: Party boy! (per newspaper, dealt with movies, properties and luxurious places!)
Look at what money can buy!!
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