In his 1973 book A Random Walk Down Wall Street, Princeton economics professor Burton Malkiel performed an experiment wherein he modeled the performance of a hypothetical stock by charting the results of a random coin flip. If the stock landed on heads, he would...
Thriving Family Principle: Evidence Not Opinion
Thriving Family Principle: Estate planning and Disinheriting the IRS
Thriving Family Principle: Have a Written Plan
We recently met with a business owner who had spent the majority of his life building a successful chemicals company. Though he enjoyed his work, the inevitability of age had forced the conversation of succession. He had thought through and explored several options...
Thriving Family Principle: Invest in a Full Inheritance
When you think about the word “inheritance”, what comes to mind? If you are like most, then money and property immediately surface. We think about what we can pass down to the next generation, but is that really all there is to it?
Thriving Family Principle: Simplicity Wins - Business Strategy
In 2019, Hobby Lobby was listed as #89 of America Largest Private Companies. David Green started the company in 1972 as a picture frame company with 300 SF of retail space and $600. Today they are the largest privately owned arts-and-crafts retailer in the world,...
Thriving Family Principle: Steward not Owner
Thriving Family Principle: Simplicity Wins - Investment Strategy
In 2007, Berkshire Hathaway chairman Warren Buffet, who is widely considered to be one of history’s most successful investors, issued a challenge to Wall Street’s largest and most sophisticated money managers. He wagered that over the next ten years, a low-cost,...
Thriving Family Principle: Life is a Team Sport
“Fifty-two percent of senior female executives played sports at the university level, compare to 39% of women at other management levels”, said Debora Spar, a professor at Harvard Business School. [1]
Thriving Family Principle: Don't Quit
re-tire
A 75 year-old client gave a keynote speech recently claiming that the last 10 years have been the most fulfilling of his life. He hasn’t had a salary or played golf once for 10 years. So, why is he so happy?