Moreover, financial assets now account for a larger share of household wealth, making the wealth effect of a stockmarket crash potentially much larger.
He found his niche two years later when he opened a store in Aspen -- and rode a spectacular wave of nouveau wealth by making custom frames long before anyone else.
And also shown are the events with which Lorenzo's magnificent era ended: Charles VIII's entry into Florence, Savonarola preaching against luxuries in a city that derived so much wealth from making them, and the fundamentalist friar's own execution in the very square in which the Bonfires of the Vanities had been held.