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Why do some families seem so good at passing down success, while others fail?

22 pointsby nateabout 9 years ago

4 comments

Animatsabout 9 years ago
Interesting subject, terrible article. Two data points for a whole theory.<p>If you like anecdotes on how some famous successful people brought up their kids, here are a few.<p>John D. Rockefeller Jr. was given an allowance as a kid. His father didn&#x27;t care what he spent it on, but he had to keep proper double-entry books on all his transactions, and these were audited monthly by a professional accountant.<p>Henry Ford II, as he approached driving age, was bugging his grandfather, the original Henry Ford, for a car. He was told he&#x27;d get one on his birthday. So, on the appointed day, there was a completely disassembled car, along with all the tools needed to assemble it. It took Ford Jr. about 6 months to get it assembled and running. (Incidentally, the reason Fords still run Ford Motor is a two-tier stock scheme, like Google and Facebook. For many decades, this was very rare, because the NYSE didn&#x27;t allow multiple classes of common stock. Ford was one of very few exceptions because its founding in 1903 predated that rule.)
carsongrossabout 9 years ago
Let me save you all five minutes: the author doesn&#x27;t know, and doesn&#x27;t have much interest in research around the topic, but does think it is important that parents be around their kids, and that Frank Sinatra was not.
cafardabout 9 years ago
So where does C.P.E. Bach fit on the Seavey-Sinatra scale?<p>Athletes seem to have have children who do well in athletics; there are three- and perhaps four-generation families in major league baseball, and the NBA has had several two-generation families (Bryant, Barry, Curry). In the arts, one sees less of that. In painting, I can think of the Lippis, in writing I can&#x27;t get much past the Amises. In the sciences, I can&#x27;t think offhand of any such names, though I expect the better informed could.
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fucking_tragedyabout 9 years ago
Funny that when affluent white kids start to do drugs it&#x27;s because they&#x27;re self-medicating, but when less affluent children have been doing it for decades, for the same reasons, it&#x27;s bad parenting&#x2F;genes&#x2F;culture.
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