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Duncan Mabona

Risk Manager,

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Does it really matter whether you have old money or new money?

Does it really matter to have old money (wealthy for multiple generations) or new money(acquired wealth within own generation). I understand the people with old money scorn the people with new money saying they lack political and cultural sophistication. Please let me have your thoughts on the subject.

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    Oct 30 2011: The key to money attitudes is almost always how YOU feel about it. And an understanding, now matter new or old, that great wealth brings great responsibility, not just great toys.

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