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A comment on The richest families in Florence in 1427 are still the richest (2016). Parent comment

Re:The richest families in Florence in 1427 are still the ri... by gowld on Thursday January 10, 2019 @09:29AM (#18874030)
That requires land to run to, and sanctuary that doesn't relieve you of your gold when you arrive.

It only works for the 0.001% .

Chasing returns is not incompatible with wealth preservation; they are strategies for different scenariors. No one is chasing returns when the bullets are flying into their face.

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Re:The richest families in Florence in 1427 are still the ri... by marnett on Thursday January 10, 2019 @01:44PM (#18876633)
Financing wars has always been lucrative, and remains lucrative to this day.
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Re:The richest families in Florence in 1427 are still the ri... by Passthepeas on Thursday January 10, 2019 @09:41AM (#18874110)
unless you sell guns of course
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Re:The richest families in Florence in 1427 are still the ri... by bryanrasmussen on Thursday January 10, 2019 @02:30PM (#18877196)
so the richest families in Florence in 1427 were the 0.001 percent? At any rate it seemed to have worked for them.
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Re:The richest families in Florence in 1427 are still the ri... by rock_hard on Thursday January 10, 2019 @03:24PM (#18877708)
Its called survivor bias :)
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Re:The richest families in Florence in 1427 are still the ri... by bryanrasmussen on Thursday January 10, 2019 @03:50PM (#18877992)
so you're saying that there are a number of formerly rich families at the time who have not made it to the present with wealth intact? I guess that seems reasonable, but don't have any data yet. On the other hand there should still be some wealth today that was not among the wealthiest then?

(of course I wonder how much of that maintaining wealth was - instead of gold, art, and land - strategic marriage)

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Re:The richest families in Florence in 1427 are still the ri... by rebuilder on Thursday January 10, 2019 @04:17PM (#18878279)
Certainly there are a good number of formerly rich, now poor or extinct families. It's practically a cliché of nobility.
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Re:The richest families in Florence in 1427 are still the ri... by bryanrasmussen on Friday January 11, 2019 @03:18AM (#18881773)
yes, it seems likely, even 'certain' but as I understand it also seems not to have been verified using data in this case? I like my certainties verified.
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