Oddbean new post about | logout
 It's not about thinking of how their grandkids will live; they'll live fine lives even if things get bleak.

Rather they think about how to **condition** their **great grandkids** into operating their lives to preserve their piece of global power, the way they do, and the way they were conditioned before.  But harder, more & better this time of course.

Very unlikely for ultra wealthy people to remain wealthy across 3 generations let alone 10, but the ones that do can do so because they have it down to a science, thanks to not decades but centuries of practice building protections across many dimensions and timeframes.  

Low time preference Bitcoiners underestimate them, thinking 15 years of hodling prepared them to compete in the 21st century & is worth a pat on the back 🤣

The ponzi allure is strong though, and afaik these familial power brokers are still only human.  One wrong leroy jenkins, and they might find out they fundamentally misunderstand the nature of their own self-perceived power