I was part of a relationship management team for a family with hundreds of million dollars in wealth built in the growth of a Fortune 500 company. My job: taking care of the kids. A profoundly unforgiving form of employment
Failing to pay sufficient attention to relative levels of volatility is an all too common departure from intelligent long-term investing. This holds equally true with regard to individual securities, indices and entire markets.
Understanding liquidity – your ability to buy or sell an asset within a particular period of time – is 100% essential. ETFs, for example, are highly liquid: they can be bought or sold with the click of a mouse. Real
Many wealthy people (and the people that advise or . . . ahem, surround them) wear bow ties. It is important to sort out your feelings on them because the bowtie sends a mixed signal – and there will almost certainly
In today’s highly uncertain times, yield is (or should be) highly valued by almost every investor. When investments have an identifiable and trackable yield, investors have more information to evaluate the potential of the
No matter how financially sophisticated you are (or think you are), the importance of transparency can never be understated. One of today’s most widespread independent investment strategies, for example, is purchasing exchange
I have now spent nearly 11 years at a prominent trust company managing the affairs of the nation’s wealthy. At many levels, I would describe this experience to newcomers as similar to being an exceedingly well-compensated golf