[quote=flu][quote=flyer]I’m sure you’re joking, but with the previous discussion here, it does make one wonder.
In retrospect, I guess you could say I had a “Tiger Mother” before it was in vogue, and we raised our kids in pretty much the same way. Everyone turned out well, but we were prepared if that had not been the case.[/quote]
A tiger mom/dad that puts that much emphasis on success..At worst, there kids turns out average to slightly above average unless he/she has some other issues going on. Better than kids that put no effort into their work. There are some cases that it backfires, and the kid flunks out of Harvard (no seriously). But there is a higher percentage of success. Also, starting with generation 2. Let’s face it. Generation 2 ends up having a better financial future than generation 1 who made all the sacrifices and ends up passing it down to generation 2. So there is part of a wealth transfer to kids to increase the odds of not failing. The new wealth from asia (business people) on the other hand probably aren’t very well educated, and made money by being in the right place at the right time in an emerging market. They take their money and send their kids to the best school their money can buy. So it will take about 3-4 generations before they end up as fvcked up as many other americans are.[/quote]
Understand. We’re at about generation 4 as far as wealth transfer goes, and you’re right, each succeeding generation has done better than the one before–even though that trend is now questionable for many going forward.
