Hudson Institute’s Bradley Center and the Center for Neighborhood Enterprise were proud to co-host a discussion of Fables of Fortune: What Rich People Have That You Don’t Want by Richard Watts. Richard Watts is the founder of Family Business Office, a legal and consulting firm that manages the fortunes of some of the nation?s wealthiest families.
In Fables of Fortune, “Watts reveals the challenges the super-wealthy face, including marriages based on net worth, interfamily inheritance battles, faux friends, entitled children, alienation, and spiritual depletion.” They face those challenges in large part because their wealth robs them of the hard-won successes and instructive failures of everyday life that “inspire the heartbeat of passion and self-actualization.”