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Nobody's more hopeless with money than the rich

China Daily | Updated: 2008-12-24 08:06

There should be certain things you can take for granted about wealthy people. They like big yachts. They play golf. And they are usually smart with their finances.

Nobody's more hopeless with money than the rich

After all, if they weren't good at handling money, they wouldn't have managed to accumulate so much of it.

And yet one of the interesting angles on the credit crunch is just how hopeless the wealthy have been at managing their cash.

Nobody's more hopeless with money than the rich

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