The bad behavior of the richest: what I learned from wealth managers

The habits of the wealthiest mirror the supposed ‘pathologies’ of the poor. But while those in poverty are called lazy, the rich are dubbed bon vivants

If nearly a decade interviewing the wealth managers for the 1% taught me anything, it is that the ultra-rich and the ultra-poor have a lot more in common than stereotypes might lead you to believe.

In conversation, wealth managers kept coming back to the flamboyant vices of their clients. It was quite unexpected, in the course of discussing tax avoidance, to hear professional service providers say things like:

Continue reading...

from US news | The Guardian https://ift.tt/2yMIJ4K