Stout and bearded, he could be typecast, like Gould, Morgan, and Vanderbilt, as a robber baron.
The family office idea has been around since the 19th-century robber baron days.
On top of the industrial backbone created during the Robber Baron era, they manufactured a new normal for the masses.
Even setting aside its alleged robber baron, this will be tough.
Barrett then shrugged when Maher tried to pin him down on whether Gates is a robber baron or a victim of an unfair investigation by the U.S. Department of Justice.
In the first two parts, we covered the history of the entrepreneurs-to-labor dynamic in the Robber Baron era, and how the pattern is roughly repeating itself in our time.
The difference is that there was no formal VC class back then: merely investment-minded second-tier deal-makers who did their wheeling and dealing in the interstices of the stock market, Robber Baron and small-entrepreneur worlds.
For this pattern to emerge, the Robber Baron era of our current technology cycle has to have matured and plateaued, and big companies must be in the market for incremental innovations that enhance their main offerings.
In the second tier, the hustler class of new-money industrialists produced a first generation of Robber Barons, and then an asymmetric balance of power between bankers and second-generation hustlers who aspired to Robber Baron level fortunes (egged on by Horatio Alger narratives), but ended up as the tame new middle class.
During the robber-baron years, when wealthy industrialists and newly minted tycoons avidly acquired Old Master art as signs of status, Americans' appetite for Rembrandts was so keen that attributions were often extremely optimistic.
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