Being Rich Doesn’t Mean Being Smart About Money. 11 Costly Mistakes to Avoid.

It’s a truism that great wealth can’t buy great judgment. And while examples of celebrities losing their fortunes are easy to find, their stories are vastly outnumbered by those of anonymous wealthy people who have made regrettable decisions. For this week’s Barron’s Advisor Big Q, we asked financial advisors to describe the costliest mistakes that very wealthy individuals tend to make. 

Andrew Krei, co-chief investment officer, Barrett Upton Capital Partners: One mistake applies to public-company executives we work with who…

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