“Shirtsleeves to shirtsleeves in three generations.”
Shirtsleeves to Shirtless: How to Lose Any Amount of Money [Physician on FIRE] – “I’ve never really understood the “shirtsleeves to shirtsleeves in three generations” line. I understand the premise; within three generations, family wealth is often squandered. With rare exceptions, this has been witnessed across the centuries and around the world.“