Family Office: Clubhouse Sessions

More than anything, it's the mindset which determines an investor's ability to achieve towering returns and long-term success.Few are better equipped to explore the mindset of the world's greatest investors than William Green, who has interviewed, studied and befriended more than fifty of the leading global investors over the last 25 years. William authored “The Great Minds of Investing” (2015) and most recently "RICHER, WISER, HAPPIER: How the World's Greatest Investors Win in Markets and Life," which examines how to stack the odds in our favor so we can build lives that are truly successful and abundant. The book is already a global bestseller, has received extraordinary customer reviews on Amazon (https://amzn.to/2TzH9BC), and is currently being translated into 12 languages.In this interactive INVESTOR WORKSHOP, William Green, Guy Spier and Matthias Knab dive into the “Habits of Mind” of remarkable Billionaire Investors and distill eight key strategies of their mental make-up which can enrich us financially, professionally and personally:1. Cloning2. Simplicity3. The Art of Subtraction4. Avoiding Standard Stupidities5. The Willingness to Defer Gratification6. The Willingness to Go "All In" (and knowing when)7. Resilience8. The Aggregation of Marginal GainsAbout William GreenOver the last quarter of a century, William Green has interviewed many of the world’s best investors, exploring in depth the question of what qualities and insights enable them to achieve enduring success. Green has written for many leading publications in the US and Europe, including The New Yorker, Time, Fortune, Forbes, Barron’s, Fast Company, Money, Worth, Bloomberg Markets, The Los Angeles Times, The Boston Globe Magazine, The New York Observer, The (London) Spectator, The (London) Independent Magazine, and The Economist. He has interviewed presidents and prime ministers, inventors, criminals, prize-winning authors, the CEOs of some of the world’s largest companies, and countless billionaires. While living in London, Green edited the European, Middle Eastern, and African editions of Time. Before that, he lived in Hong Kong, where he edited the Asian edition of Time during a period in which it won many awards. Green has collaborated on several books as a ghostwriter, co-author, or editor. One of them became a #1 New York Times and #1 Wall Street Journal bestseller in 2017. He also worked closely with renowned hedge fund manager, Guy Spier, helping him to write his much-praised 2014 memoir, The Education of a Value Investor: My Transformative Quest for Wealth, Wisdom, and Enlightenment. Green also wrote and edited The Great Minds of Investing, which features short profiles of 33 renowned investors, along with stunning portraits created by Michael O’Brien, one of America’s preeminent photographers. Born and raised in London, Green was educated at Eton College, studied English literature at Oxford University, and received a Master’s degree from Columbia University’s Graduate School of Journalism.About Guy SpierGuy Spier is the founder of  Aquamarine Capital,  an investment manager which is closely modelled on the original Warren Buffett partnerships. He authored with William Green the best-selling book "The Education of a Value Investor." Guy is well known for bidding US$650,100 with Mohnish Pabrai for a charity lunch with Warren Buffett on June 25, 2008.

A lot of research has been done on wealth preservation and transfer across generations, finding that nearly 60% of the time a family's money is exhausted by the children of the person who created the wealth. In 90% of the cases it's gone by the time the grandchildren die.The people who created the wealth were often obsessive, but often their kids are not.Perhaps the most famous example is the Vanderbilt family. Cornelius, the patriarch, built a fortune on railroads and shipping during the mid-1800s. Adjusted for the size of the economy, he was worth over $200 billion.Yet his children - and especially, his grandchildren - lived lavishly, building huge mansions in New York City, Newport, R.I., and elsewhere, and did little to preserve the fortune. By the 1970s - so about 100 years after Cornelius Vanderbilt's death - the family held a reunion with 120 members attending, and there wasn't a millionaire among them.This podcast examines the situation today: Do the creators of fortunes face the same risks or is there a different type of awareness and ability to preserve and transfer wealth today? The session also covers:- What is a Virtual Family Office and who can make best use of it?- What should state-of-the art risk management cover?- Can impact and sustainable / ESG investing effectively de-risk the portfolio and thus better preserve wealth?- How can family governance help to clarify the family values and how to derive an investment policy from it?- How can purpose keep a family united? And how to create a common purpose?- The BeeWyzer Method (https://www.beewyzer.com/beewyzer-nextgen-training-2021B) as an innovative tool for family members and next gen to enable holistic wealth planning, investment implementation and to define their own journey in the triangle of family business, wealth and personal aspirations.