by dwellsfcs | Investment Governance
Photo by Pepi Stojanovski on Unsplash Several weeks ago we considered how fast a family’s assets must grow to compound in line with the family’s growth over time. Article here. We looked at a number of different elements that factor into the calculation...
by dwellsfcs | Family Office, Investment Governance
A boy is given a horse on his 14th birthday. Everyone in the village says, “Oh how wonderful.” But a Zen master who lives in the village says, “We’ll see.” ‘The boy falls off the horse and breaks his foot. Everyone in the village...
by dwellsfcs | Investment Governance
The primary variable that families can control in affecting their investment returns is their spending rate. Yet, too often discussions about the real-life, brass tacks implications of wealth are either never held (most common) or are perceived/received as...
by dwellsfcs | Investment Governance
One of the great challenges families face when allocating capital for the long-term is determining the right level of risk and return. This is exacerbated further by the fact that many in the family office (FO) world believe that the investment strategies of families...
by dwellsfcs | Investment Governance
A conversation we have been having with family offices recently is about the magnitude and significance of the change when a family moves from being predominately an operator of a business(es) to an investor in businesses. This shift can be sudden in a liquidity...
by dwellsfcs | Investment Governance
Numerous academic studies have reached one common conclusion regarding the performance of family businesses – they outperform their public peers. General accepted wisdom as to why points to the family’s ability to take a long-term view when making...
