Family Fortunes: How to Build Family Wealth and Hold on to It for 100 Years -- B

<p><b>Selected as one of Motley Fool's "5 Great Books You Should Read"</b></p> <p><b>Advice on managing your wealth from bestselling author Bill Bonner</b></p> <p>From trusted <i>New York Times</i> bestselling author Bill Bonner comes a radical new way to look at family money and a practical, actionable guide to getting and maintaining multigenerational wealth. <i>Family Fortunes: How to Build Family Wealth and Hold on to It for 100 Years</i> is packed with useful information, interwoven with Bonner's stories about his own family's wealth philosophy and practices.</p> <p>A comprehensive guide that shows how families can successfully preserve their estates by ignoring most of what people think they know about "the rich" and, instead, training and motivating all family members to work together toward a very uncommon goal. This book is a must-read for all individual investors--even those who do not plan to leave money to their children--because it challenges many of the most ubiquitous principles and rules of investing.</p> <p>You might expect a book on family wealth to be extremely conservative in its outlook. Instead, the Bonners announce what is practically a revolutionary manifesto. They explain: </p> <ul> <li>Why family money should NOT be invested in "safe, conservative" investments</li> <li>Why charitable giving is usually a waste of money, or worse</li> <li>Why it is NOT a good idea to let children go their own way</li> <li>Why you can't trust wealth "professionals" and