Sep 16, 2022 | Family Wealth
Spend any time with a wealth creator and it will not be long before you hear about the next generation. Almost unanimously, the very real concern expressed is that somehow the new wealth of the family will screw up future generations. While, I have written about...
Nov 18, 2021 | Family Wealth
Photo by Mitchel Lensink on Unsplash Every system is perfectly designed to get the results it gets. – W. Edwards Deming I have been thinking a lot recently about the Deming quote above, specifically in the context of the concept of...
Oct 29, 2021 | Family Wealth
Money, Not Wealth In my last post, we looked at the advisor / client relationship and considered what that actual purpose (“end”) of that relationship. While many might quickly point out that delivering investment performance as the primary goal of that...
Oct 5, 2021 | Family Wealth
Photo by jimmy teoh on Pexels.com It argues that the end justifies the means recognizing that the end is pre-existent in the means. The means represent the ideal in making and the end in process. Martin Luther King Jr What is the “end”...
Aug 5, 2021 | Family Wealth
The Marble House or Alva’s Folly? Key Take-Aways The vast majority of wealthy families own a vacation home or other additional residences The choice to acquire additional residences for personal use (not income) should be considered through a personal, not...
