This issue of WEALTH & OTHER VICES explores the business and pleasures of wealth beyond the obvious. We look at the growing investment opportunity in death, inheritance and the transfer of fortunes, and what wealthy families should do to ensure their legacies survive them. We examine how global asset management is becoming increasingly concentrated in the hands of a few dominant platforms, reshaping the opportunities available to investors and the businesses competing for their capital. We also consider a more personal question: why friendship may be one of the most neglected assets in the lives of successful people, despite its importance to a life well lived. In THE VICE, we venture into Asia’s increasingly adventurous world of luxury perfumery, where exotic ingredients and distinctive cultural traditions are challenging the conventions of European fragrance. And in STEAL SOME TIME, we bring you a selection of things worth watching, from remarkable Australian architecture to the thinking of one of global finance’s most influential leaders and the story of an ambitious French investment firm. Across markets, relationships and the finer pleasures of life, this issue asks what wealth makes possible, what it puts at risk, and what remains valuable when money is no longer the main constraint.