{"product_id":"family-fortunes-how-to-build-family-wealth-and-hold-on-to-it-for-100-years-9781118171417","title":"Family Fortunes: How to Build Family Wealth and Hold on to It for 100 Years","description":"\u003cp\u003e\u003cb\u003eSelected as one of Motley Fool's \"5 Great Books You Should Read\"\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAdvice on managing your wealth from bestselling author Bill Bonner\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFrom trusted \u003ci\u003eNew York Times\u003c\/i\u003e bestselling author Bill Bonner comes a radical new way to look at family money and a practical, actionable guide to getting and maintaining multigenerational wealth. \u003ci\u003eFamily Fortunes: How to Build Family Wealth and Hold on to It for 100 Years\u003c\/i\u003e is packed with useful information, interwoven with Bonner's stories about his own family's wealth philosophy and practices.\u003c\/p\u003e \u003cp\u003eA comprehensive guide that shows how families can successfully preserve their estates by ignoring most of what people think they know about \"the rich\" and, instead, training and motivating all family members to work together toward a very uncommon goal. This book is a must-read for all individual investors--even those who do not plan to leave money to their children--because it challenges many of the most ubiquitous principles and rules of investing.\u003c\/p\u003e \u003cp\u003eYou might expect a book on family wealth to be extremely conservative in its outlook. Instead, the Bonners announce what is practically a revolutionary manifesto. They explain: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eWhy family money should NOT be invested in \"safe, conservative\" investments\u003c\/li\u003e \u003cli\u003eWhy charitable giving is usually a waste of money, or worse\u003c\/li\u003e \u003cli\u003eWhy it is NOT a good idea to let children go their own way\u003c\/li\u003e \u003cli\u003eWhy you can't trust wealth \"professionals\" and why you should never entrust your money to money managers\u003c\/li\u003e \u003cli\u003eWhy giving your children as much education as possible is NOT a good idea\u003c\/li\u003e \u003cli\u003eWhy Warren Buffett and the rest of the rich people asking for higher tax rates are wrong to take \"the pledge\"\u003c\/li\u003e \u003cli\u003eWhy Wall Street is a graveyard for capital, why most celebrity CEOs are a threat to the businesses they run, why modern capitalism is a failure, and more\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eYou will come away with a very different idea as to what family wealth is all about. It is not stodgy. Not boring. Not moss-backed and reactionary. On the contrary, it is the most dynamic, forward-looking capital in the world. The essential guide to passing wealth from one generation to the next, \u003ci\u003eFamily Fortunes\u003c\/i\u003e is filled with concrete, practical advice you can put to use right away.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eBILL BONNER\u003c\/b\u003e is President and CEO of Agora Publishing, one of the world's largest financial newsletter companies. He is the creator of the\u003ci\u003e Daily Reckoning\u003c\/i\u003e, a financial newsletter with more than 540,000 readers of six different global daily editions, including French and German. Bonner is coauthor of the international bestsellers \u003ci\u003eFinancial Reckoning Day\u003c\/i\u003e and \u003ci\u003eEmpire of Debt\u003c\/i\u003e with Addison Wiggin, as well as \u003ci\u003eMobs, Messiahs, and Markets\u003c\/i\u003e (coauthored with Lila Rajiva), \u003ci\u003e\u003c\/i\u003e the \u003ci\u003eNew York Times\u003c\/i\u003e bestseller\u003ci\u003e.\u003c\/i\u003e In 2011, he wrote \u003ci\u003eDice Have No Memory: Big Bets and Bad Economics from Paris to the Pampas.\u003c\/i\u003e He files his \u003ci\u003eDaily Reckoning\u003c\/i\u003e dispatches from a ranch in Argentina, the home office in Maryland, various joint ventures, and other hot spots around the globe. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eWILL BONNER\u003c\/b\u003e is Executive Director of the Bonner \u0026amp; Partners Family Office, an independent estate planning and investment research group. Will got his start working in the \"mailroom\" of the family business, Agora, at age eleven. Later, he helped launch, and served as CEO of Early to Rise, a leading self-improvement publishing business. In 2007, he opened Agora's South American office in Buenos Aires, Argentina, and set up a successful business partnership that is one of the largest investment research and education companies publishing in Spanish. He is a graduate of St. John's College's Great Books program, earning a double major in philosophy and mathematics. Bonner lives with his wife and two children in Delray Beach, Florida. He's the eldest of Bill's six children.\u003cbr\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":50676091945234,"sku":"9781118171417","price":23.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_a289e68a-a828-4ea5-9376-53efe22d12c4.jpg?v=1733875934","url":"https:\/\/surprise-castle.myshopify.com\/products\/family-fortunes-how-to-build-family-wealth-and-hold-on-to-it-for-100-years-9781118171417","provider":"Surprise Castle","version":"1.0","type":"link"}