First generation Trader, second generation Gentleman, third generation Beggar

 Kuvat Margit Mannila

“First generation Trader, second generation Gentleman, third generation Beggar”
- Spanish proverb

Continuity and change of generations is a relevant issue among family firms,  not only today, but it has been a relevant  topic even during decates.

England, 1350
“Clogs to clogs in three generations.”

United States 1800’s
“From shirtsleeves to shirtsleeves in three generations”

Germany 1700’s
“Seldom three descents continue good.”

Spain 1500’s
“First generation Trader, second generation Gentleman, third generation Beggar”

Brazil 1900’s
“From the stables to the stars to the stables in three generations.”

China 2000 years ago
“Wealth Never Survives three generations” Source link. (29.3.2017.)

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