“Shirtsleeves to shirtsleeves in three generations” is how Americans describe the high failure rate of family businesses—a phenomenon noted in many cultures.
Brazil “Pai rico, filho nobre, neto pobre” (Rich father, noble son, poor grandson)
China “Fu bu guo san dai” (Wealth never survives three generations)
Mexico “Padre bodeguero, hijo caballero, nieto pordiosero” (Father merchant, son gentleman, grandson beggar)
Italy “Dalle stalle alle stelle alle stalle” (From th