If there is one thing that marks families with money in the long term it is this: delayed gratification.

Norman Rockwell spent his career painting pictures that helped people understand their own feelings...pictures that enriched their own experiences and celebrated their own lives. But the art establishment branded him an 'illustrator', a sentimental one at that. Real artists, they said were doing art for art's sake, not for the sake of the bourgeois public. Real artists were putting swiggles, smears or daubs of paint on the canvas. They were doing 'innovative' and 'creative' work. If they were hideous and grotesque; we know that's what life really is!

None of the problems that caused the crises in Europe and America have been resolved. They have been delayed and expanded by more debt and more money printing and will lead to more and worse crises.

If there is one thing that marks families with money in the long term it is this: delayed gratification.

You don't get what you want from investing, you get what you deserve.

People do not get what they want or what they expect from the markets; they get what they deserve.

If you look carefully, almost all Old Money secrets can be traced to a single source: a longer-term outlook.