Why you shouldn't give your son a Ferrari

A spate of high-profile accidents during the past few months involving fast cars and rich heirs is trying the patience of leadership — and the common man — across Asia.

Why you shouldn't give your son a Ferrari

A Ferrari has long been a red flag for cops, who may reasonably assume that the driver is inclined to speed.

But in Asia, it has also become a red flag for wealth advisers, who may fear the threat that it represents to a family’s reputation or its political standing. Even so, such decisions are clearly not within their remit. If a senior party cadre cannot control his unruly offspring, it is unlikely that a...

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