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In-Laws and Wealthy Families by David Werdiger

In-Laws and Wealthy Families

By | Articles, Familosophy, Featured Posts, LinkedIn | No Comments

How to deal with family members by marriage poses significant challenges to wealthy families. Should they be allowed to work in the family business? If so, should there be a ceiling on their authority (stock, voting rights, etc)? Do they have a seat/voice at family meetings? What if the only person in the rising generation with the skills to be involved in the family business is a child-in-law? What to do when a marriage is…

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Family Office Trends by David Werdiger

Family Office Trends

By | Articles, Familosophy, Featured Posts, In The News, LinkedIn, News / Media | No Comments

The family office space is constantly evolving. This is driven in part by the investment flavour of the month, global economic/political trends, wealth transition within families, the family follow-me-go-round (families looking at what others are doing), and the general competitive environment amongst FO offerings. Essentially, a family office is a set of services used by a wealth family to manage its wealth and other associated needs. There are no rules for how a FO can…

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3 Entitlement Fixes

Transcend the Negative Impact of Transition Entitlement

By | Articles, Familosophy, Featured Posts, LinkedIn, Speaking | No Comments

Transitioning a business is a once-in-a-lifetime event, and “entitlement” comes up in almost every family discussion, presentation or lecture I give. It has become almost a dirty word when it comes to family wealth – something to be avoided at all cost. “How can I prevent my children from becoming entitled?” is what most every parent wants to know. When it comes to family business, transcending the negative impact of entitlement can be achieved by…

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Can Money Buy Happiness? blog by David Werdiger

Can Money Buy Happiness?

By | Articles, Familosophy, LinkedIn | No Comments

And does being ‘happy’ mean something different to those who have wealth and those who don’t? These are the questions considered in a recent research study. Most anyone who has wealth would find it obvious that the answer to the first question is a resounding ‘no’, but it takes the rigour of an academic to first define happiness (life satisfaction and a set of distinct positive emotions), and then examine the correlation between them and…

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Three Family Lessons from Megxit

By | Articles, LinkedIn | No Comments

With the global media. online or otherwise buzzing about Prince Harry and Meghan Markle’s exit (dubbed Megxit) from the British Royal senior family, David writes on LinkedIn, about the communication and methods of doing the same crucial for a family to function well. He puts this through the perspective of famous families and the tier Royal families hold even among these families constantly in limelight.

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Dieting and Judaism: not a slimming mix

By | Articles, Times of Israel | No Comments

Starting off a new healthier lifestyle is always more difficult than making the resolution to do so. In this article for The Times of Israel, David talks about the Jewish-specific challenges of dieting – the social aspects of eating at Shabbat and Jewish Holidays, the mixed messages we get from Jewish parents, and how difficult it is to give up foods that you love and are bad for you.

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How not to treat an ally

By | Articles, Times of Israel | No Comments

Writing for Times of Israel, David discusses how USA’s presidents take riskier actions in their last couple of months in the office of their second terms. He puts this in terms of Obama and Kerry’s abstaining to vote in the UN on the Israel issue after not treating their allies right. They had tried to be on the winning side of battles in this conflicted area. He perceives this through the lens of True Goodness…

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Letting Go

By | Articles, Familosophy, LinkedIn | No Comments

“How do I transfer wealth to my children without spoiling them?” That would be the most common question I am asked, and for most people, stands at the heart of the challenge of wealth transition. But often this question masks what parents really want, e.g. “how do I get my children to do/be what I want?” That question is not about wealth, but about parental power and control. And when parents say “I don’t want…

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The real problem with “OK, Boomer”

By | Articles, Familosophy, LinkedIn | No Comments

You may have seen the latest viral meme sweeping the internet. “OK, Boomer” is the response of younger people to complaints by older people about their behaviour and attitudes. Readers of this newsletter may know my attitude to the whole “generation wars” narrative – it’s a load of crap and we shouldn’t get caught up in it. Older people have been complaining about younger people for as long as there have been multiple generations on…

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