That was the situation for my father. The nanny was really what most people would consider "mother".
I think the general consensus in my family 2 generations later is that it's not so great.

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My mother was a physician, though worked very little when we were small. But the message was always: you will be a doctor or a dentist, in the position of power. Thinking that I would head off to Wall Street wasn't on the radar of engineering/medical parents.

Ren, acquiring a postion on Wall Street IS a position of power in it's own right.

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think much of it is boring, dirty and a pain. And I would rather be getting "strokes" for being brilliant on some deal.

You said it and I feel the same some days! It does get better and the attaboy just comes later in life. It gets easier as they get older, at least, that part of it.