/biz/ - Business & Finance

>>55550369
shut up shut up Shut UP

here's a good thing to read btw
https://thehotstar.net/theblackstone.html
>This modern financial oligarchy is an internationalist fraternity of mutually vested interests, probably no more than a thousand people, being the limit of everyone knowing everyone else through at least reputation. That is segmented into factional divisions of kinship groups, or family dynasties, which maintain estates of intergenerational wealth, and who manage succession through a balance of ability and blood. In the past many preserved the legacy of their names and genetics through restricting marriages of their progeny to within the fraternal network of families, at times within their own. Though modern practise brings in outsiders of ability through marriage, generally as son-in-laws, married into the family to takeover business operations and avoid the estate collapsing under the stewardship of an incompetent heir, or becoming overrun by the managerial class built up beneath it. This can be seen as a sort of cross breeding between old money and new. Old money providing the pedigree of legacy and new money fresh talent. A balance between blood and ability to perpetuate the legacy of both bloodline and estate.