David Weisburd

So you said God, family, others, and then yourself.

Why is that important?

And what's downstream of keeping your priorities straight?

I'm curious, you're around many billionaires.

I've had an opportunity to interview a lot of them.

What are some psychological patterns that you see in them?

Or are they all just complete snowflakes, one of one, almost no patterns?

It's that axiom leaders eat last.

It's that ability to put their organization and their purpose above themselves, which allows them to be more anti-fragile and to stay with it longer than most people could.

I've actually thought about this somewhat entertaining dark humor and that there's some people that spend their entire career kind of screwing people over to accumulate wealth that they never use.

And then they use that wealth to buy legacy, buy a public library or something like that, where they could have used that wealth and that to build a living legacy, something that their families and their coworkers could be proud of.

So it's ironic that they play this wealth accumulation game, destroy their reputation only to try to recapture it with some library that nobody will really know the origins of.

I used to ask this question all the time until I started getting repetitive answers, but it seems like there's two things that successful first gen families that end up raising great second gen, third gen kids.

One is they behave in the way that they want their kids to model.

They don't talk about behaving in the way that they want their kids to model.

They actually do that on a day-to-day basis.

Kids are very perceptive in terms of all the behaviors that they're

parents are doing and two is somewhat of a hack is send your kid to investment banking boot camp for two to three years after college and they will beat out any entitlement from him or her before they ever enter the family business those are the kind of the two useful tips of advice i pick up the first part of what you're saying we refer to as there's more more is caught than taught so kids and and onlookers will see what's important by what is done so as you role model

That actually is the right euphemism because what is a value if there's no sacrifice?

I could tell you I want to be a good person, but it's a meaningless platitude to say if I'm not willing to give something to do that.