Resilient in Hard Times - The Family Business - NYTimes.com.

What wasn’t said is that the older businesses which are more likely to own their land and building are likely to be in far better shape than those which are tenants. And as a society we fail to differentiate between the landlord’s gain and the entrepreneur’s returns.

At our peril.

John Stuart Mill observed that landlords grow rich in their sleep, without working, risking or economizing.