
An old adage states that family businesses often go from “shirtsleeves to shirtsleeves in three generations”. The buccaneering entrepreneurs of the first generation make the money, the second generation enjoy it, and the third squander it.
有句老话说,家族企业往往“富不过三代”。第一代具有冒险精神的企业家赚到了钱,第二代享受到了钱,第三代则挥霍无度。
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