Seasoned Decision-Making

Wrinkled and fresh apple isolatedIs an octogenarian capable of managing a multi-billion-dollar fortune? This is a question a French court is now trying to settle in the case of Liliane Bettencourt, the L’Oreal heiress and France’s wealthiest woman. At least ten people are currently being accused of having taken advantage of the cosmetics billionaire. The legal drama will be closely watched by a French public, who doubtless believe that one must be dotty to give 400 million euros’ worth of gifts to a photographer. It is intuitive to believe that elderly people are less able to make good money-related decisions. But is this really true? Continue reading