WEALTH & OTHER VICES #3. THE HANDOVER

This issue looks at what happens when wealth and influence pass to the next generation. The central idea is simple: the great wealth transfer is not just about moving assets. Money can be transferred quickly, but judgement, relationships, experience and the ability to make good decisions have to be built over time. The issue explores how family fortunes are becoming increasingly international, with homes, citizenship, businesses and investments spread across countries. It looks at the rise of private, invitation-only networks, where trusted access can matter more than public reach. And it asks why a rare whisky cask can be so compelling in an age of instant luxury: because it offers something money cannot speed up — time. Together, these stories point to a broader change in the economics of wealth. As information becomes abundant and services become easier to access, scarcity is shifting towards things that remain difficult to buy or accelerate: good judgement, trusted relationships, freedom of choice and patience.

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