---
title: (Mis)Fortune Favors the Virtuous
description: An imagined conversation with Machiavelli explores adversity, planning, and resilience—and what wealthy families can learn from princely wisdom.
image: https://content.investmentsandwealth.org/hubfs/misfortune-favors-the-virtuous-thb.png
---

[Skip to content](https://content.investmentsandwealth.org/publication/misfortune-favors-the-virtuous#main-content)

[![Investments & Wealth Institute ](https://content.investmentsandwealth.org/hubfs/content-hub/iwi_logo_w294_h46.svg "Investments & Wealth Institute ")](https://investmentsandwealth.org/)

 Explore

- [All Content](https://4812204.hs-sites.com/content-hub)
- [Video](https://4812204.hs-sites.com/content-hub?type=Video)
- [eBook](https://4812204.hs-sites.com/content-hub?type=eBook)
- [Case Study](https://4812204.hs-sites.com/content-hub?type=Case+Study)
- [Blog](https://4812204.hs-sites.com/content-hub?type=Blog)
- [Podcasts](https://4812204.hs-sites.com/content-hub?type=podcast)
- [Webinars](https://4812204.hs-sites.com/content-hub?type=webinar)

- [Find An Advisor](https://www.investmenthelp.org/)
- [Contact](https://investmentsandwealth.org/contact-us)
- [My Dashboard](https://portal.investmentsandwealth.org/s/login/?startURL=%2Fs%2Fhome-page)

- Certifications 
    - [CIMA](https://investmentsandwealth.org/certifications/cima-certification)
    - [CPWA](https://investmentsandwealth.org/certifications/cpwa-certification)
    - [RMA](https://investmentsandwealth.org/certifications/rma-certification)
    - [Help Me Choose](https://investmentsandwealth.org/certifications/compare-iwi-certifications)
- [Online Education](https://investmentsandwealth.org/online-learning-financial-advisor-ce)
- [Conferences & Events](https://investmentsandwealth.org/financial-advisor-conferences-events) 
    - [Experience 2026](https://experience.investmentsandwealth.org)
- [Membership](https://investmentsandwealth.org/membership)
- [Publications & Resources](https://content.investmentsandwealth.org/)
- [Partner Solutions](https://investmentsandwealth.org/partner-and-sponsor)
- [About](https://investmentsandwealth.org/about/mission-purpose-value)

Investments & Wealth Review - July/August 2025

# (Mis)Fortune Favors the Virtuous

A CONVERSATION WITH NICCOLÒ MACHIAVELLI

Admin

Few thinkers have examined power, fortune, and adversity as unsparingly as Niccolò Machiavelli. Best known for The Prince and Discourses on Livy, Machiavelli wrote not only for rulers, but for those who must think like rulers when navigating uncertainty. In this imagined interview by Keith Whitaker, Machiavelli’s ideas are applied to the modern challenges faced by wealthy families—from succession planning to preparing for adversity—revealing why foresight, self-reliance, and “virtue” remain timeless foundations of resilience.

Instant Access

## Read the Full Publication

Our Members receive new publications by mail and in the Membership Newsletter. For immediate access—or if you’re not a member—complete the form below.

## About Investments & Wealth Review

*Investments & Wealth Review* is a bimonthly magazine, written by award-winning authors from academic institutions and leading financial firms. Immerse yourself in current industry news and thought-provoking articles on the investment, legal, regulatory, business development, retirement, and wealth management topics that matter most to you and your clients.

[![white_logo_horizontal 1](https://content.investmentsandwealth.org/hubfs/Assets%20-%20LP/white_logo_horizontal%201.png)](https://content.investmentsandwealth.org/)

#### Get Certified

- [Compare Certifications](https://investmentsandwealth.org/certifications/compare-iwi-certifications)
- [CIMA Certification](https://investmentsandwealth.org/certifications/cima-certification)
- [CPWA Certification](https://investmentsandwealth.org/certifications/cpwa-certification)
- [RMA Certification](https://investmentsandwealth.org/certifications/rma-certification)

#### About us

- [About Us](https://investmentsandwealth.org/about)
- [Board of Directors](https://investmentsandwealth.org/about/governance)
- [Leadership Team](https://investmentsandwealth.org/about/leadership-team)
- [Newsroom](https://investmentsandwealth.org/advisor-publications/newsroom)
- [Careers](https://investmentsandwealth.org/institute-careers)
- [Privacy Policy](https://investmentsandwealth.org/privacy-policy)

#### Support

- [Contact Us](https://investmentsandwealth.org/contact-us)
- [File a Complaint](https://investmentsandwealth.org/about/governance/report-or-file-a-complaint)

 © Copyright 2026 by Investments & Wealth Institute

<https://www.youtube.com/c/InvestmentsWealthInstitute> <https://www.linkedin.com/company/investmentsandwealthinstitute/> <https://x.com/iw_inst> <https://www.facebook.com/investmentsandwealthinstitute/>

```json
{
  "@context" : "https://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Admin",
    "url" : "https://content.investmentsandwealth.org/publication/author/admin"
  },
  "dateModified" : "2026-03-10T19:44:04.256Z",
  "datePublished" : "2026-03-10T19:44:04.000Z",
  "headline" : "(Mis)Fortune Favors the Virtuous",
  "image" : [ "https://content.investmentsandwealth.org/hubfs/misfortune-favors-the-virtuous-thb.png" ],
  "mainEntityOfPage" : {
    "@id" : "https://content.investmentsandwealth.org/publication/misfortune-favors-the-virtuous",
    "@type" : "WebPage"
  },
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "url" : "https://content.investmentsandwealth.org/hubfs/IWI%20Logos/IWI%20Logo%20Horizontal/180227_4C_LOGO_Horizontal.png"
    },
    "name" : "Investments & Wealth Institute"
  }
}
```