New Money’s Biggest Challenge: The Unsustainable Lifestyle

When an unexpected windfall, dramatic increase in income, or sharp, upward change in circumstances of any financial sort hits, it can be intoxicating and disorienting. It’s called being New Money, and the symptoms are predictable. Good judgment is often the first thing that suffers. The challenges that face New Money are legion, but by far … More New Money’s Biggest Challenge: The Unsustainable Lifestyle

The Joy of Miznon in Vienna

The recent travels that took me to Verona, Italy, also included a side trip to Vienna, Austria. As you may already know, Austria is at a cultural and political crossroads right now. The razor-thin victory of their Left-ish establishment party in April has been overturned by a judge due to alleged ballot irregularities. A new … More The Joy of Miznon in Vienna

Old Money Principle: Do What You Love

While on a recent trip abroad, my wife and I ventured off the tourist-beaten path in Verona and found ourselves enjoying a splendid aperitif in an unassuming cafe. Our host was Francesco Finetto who, with his wife, owns and operates Il Convivio with that combination of warmth and efficiency that seems to be uniquely Italian. … More Old Money Principle: Do What You Love

Old Money: In Their Own Words

I wanted to write you and address an issue that many people who suddenly make a lot of money might face and how they might handle it differently, that is to say, better. Life involves hassles. It requires engagement to solve problems and even to enjoy things. Some people think that when they get a … More Old Money: In Their Own Words