The 'shirt sleeve to shirt sleeve in three generations' proverb shows cyclical wealth destruction: entrepreneur (generation 1) succeeds, heir (generation 2) maintains, but third generation squanders it through incompetence, paralleling Strauss-Howe fourth turning generational cycles.
factualpending
Speaker
Tim PriceEvidence Quote
“shirt sleeve to shirt sleeve in three generations... by the third generation, it's become feckless and flabby”
Source
Tim Price: Rules for Understanding and Investing Through a New Bretton Woods Moment— Palisades Gold RadioCreated: 8/11/2026, 6:47:37 AM
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