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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: sykesix   😊 😞
Number: of 21943 
Subject: Re: 3 generations & 70/90 rule
Date: 06/22/26 4:05 PM
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In the UK, a study concluded that descendants of people with Norman surnames (like Percy, Glanville, Darcy, Mandeville, Baskerville) still do far better than average in income and education, and live 3 years longer than average, almost 1000 years after the events that gave them the original boost.

I'm reminded of a similar study by Italian economists. Florence conducted a detailed census in 1427 for tax purposes. The economists traced the descendants of the 1427 cohort (surnames in Italy are extremely localized) and found the descendants of the 90th percentile were significantly higher income and more likely to work in prestigious professions like doctors, bankers, lawyers, etc. than descendants of ordinary Florentines. This is remarkable because the wealth effect not only persisted over a very long timeframe, it was durable through many periods of economic and political upheaval.

Gemini tells me that similar studies have been conducted in the US, Spain, China, Sweden, with similar findings.

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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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