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Gabbai of Lemberg's avatar

Really interesting podcast. Will, do you agree that the tightly held, private company is the modern day equivalent to the landed estate? If so, what companies fall inside/outside of this definition (i.g. I would assume a manufacturing business, a hedgefund outside).

Would also love to hear more about the companies in Europe that have seen generational success through multiple generations and how they accomplished that.

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The American Tribune's avatar

I need to do more research into this, I found a few books on it

To a large extent I do agree. The purpose of a landed estate, prestige of long-held land aside, was to provide “passive income” that let them focus on other things. In most ways, private, closely-held companies do this better than land now, and can provide similar influence to what land used to.

It is less aesthetic, and doesn’t lead to the same sporting opportunities, but in terms of real influence + income I do think he has a point about companies.

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