
“I think these things are cyclical, and great families survive if they’re intelligent. And again, if they have a lot of members of the family who are actually out there trying to make something of themselves,” he said. “These things are horrible and they destroy wealth and they destroy opportunity for a lot of people, but hopefully great families who have more than one person who have done some great things can continue to preserve capital and build new wealth—so when something like this happens, you’re not destroyed, you’re set back.” Then Mr. Van Rensselaer and Ms. Menniken hopped in a chauffeured SUV and headed down Park Avenue.

