Strangers in Paradise: How Families Adapt to Wealth Across Generations Paperback – 1 Nov 2013
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About the Author
JAMES GRUBMAN PHD is an internationally-recognized psychologist who has worked with families at all levels of wealth, from the “millionaire next door” to the Forbes 400. His commonsense insights on the psychology of wealth have been quoted in Malcolm Gladwell’s bestselling book David and Goliath as well as in The New York Times, The Wall Street Journal, CNBC, and many other print and online media. He has published widely in journals in the wealth management and financial advising fields, and he is a sought-after speaker for his knowledge about what wealthy families need and want from their trusted advisors. Strangers in Paradise is his first book written for families of wealth as well as the professionals who advise them.
Top Customer Reviews
Most Helpful Customer Reviews on Amazon.com (beta)
Through rigorous research and his personal face to face work with the wealthy and their advisors, Dr. Grubman has discovered, tested and applied his unique approach with great success. His central metaphor of “immigrants and natives,” guides the reader on a wisdom filled journey into the Land of Wealth. Whether wealth is acquired or inherited, there are many shadowy elements to consider. Strangers in Paradise is a guide filled with solutions to those unknowns.
Dr. Grubman is a pioneer and leading practitioner in the field of Wealth Psychology. Whether you are a wealth holder, family member or an advisor to the wealthy, this book is an indispensable guide.
Family stories were the foundations for many of our values and beliefs. We were fascinated and moved and proud as we heard about our immigrant grandparents, their convictions, thrift, hard work and perseverance in the face of adversity. We planned to model ourselves after them even though our lives were already filled with education and opportunities that they had never had. Five years into our marriage we found ourselves to be the financial beneficiaries of their labors and accomplishments. We were suddenly living in an entirely different landscape, different than our friends and neighbors, different than our parents; we were quite alone and wandering, without a map.
Looking at ourselves as immigrants in a new land of wealth, “strangers in paradise,” is useful to us in reviewing and assessing choices that we’ve made, conflicts we’ve felt, directions we’ve taken in in light of our family stories and lessons. We can see how we’ve adapted to wealth, places where we’ve hit roadblocks, made mistakes, and found alternate routes to realize our intentions. This book helps us examine our lives with compassion, insight and humor. We’ve found it comforting and renewing to discover that we have clearly not been alone as we often thought we were.
We are reading this book because we want to be as wise, clear and helpful as possible to our children as they are charting their own courses and have become parents themselves. We think that James Grubman’s book is a valuable guide for our work. And we will pass it on to them.