From Commodore's approach to family budgeting, we can learn the importance of wise investment and wealth management. Commodore left the bulk of his estate to his son, William, who managed to double the family fortune. This shows the importance of entrusting wealth to someone capable of managing and growing it. Commodore's advice, "Any fool can make a fortune - it takes a man of brains to hold onto it," emphasizes the need for financial literacy and smart decision-making in preserving and enhancing wealth. However, the subsequent division and mismanagement of the fortune among his grandsons highlight the need for a well-planned succession strategy to ensure the longevity of the wealth.
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