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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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The Other 50%

By | Articles, Familosophy, LinkedIn | No Comments

Women are at least 50% of the population, yet historically have been poorly represented in the wealth industry – as custodians and managers of family wealth, in family business, and as advisors. But that is changing on all fronts. The percentage of wealth in the world held by women is steadily growing – as a result of inheritance (females generally outlive their husbands), divorce and entrepreneurship. In the Middle East, 20-40% of wealth is held…

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Advisor Transition

By | Articles, Familosophy, LinkedIn | No Comments

The rising generation stands to inherit significant wealth, and families are spending much effort and expense to ensure that they are well prepared to become effective custodians of that wealth. However, it’s important for families to also consider the services required to help manage that wealth: advisors. In any family, at some point in time, the wealth will shift from one generation to another. When someone inherits wealth, it becomes ‘theirs’. This contrasts with advisor…

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Resolving Conflict in Family Business

By | Articles, Familosophy, LinkedIn | No Comments

When seeking to deal with conflict in family business, it is essential to understand the impact of the family dynamic on a business. Conflict in family business happens differently, therefore must be resolved differently. Disputes within a family don’t escalate suddenly. They are often built on years of relationship sentiment that is latent or suppressed. The triggers for those conflicts can be the smallest thing, because they are just the straw that breaks the camel’s…

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Generational Differences in Philanthropy

By | Articles, Familosophy, LinkedIn | No Comments

Family philanthropy can be a very effective way to bridge generations and engage the rising generation. However, according to a recent poll from Key Private Bank, there are significant differences between parents and children on matters of giving. Most parents are not discussing philanthropy with their children, let alone agreeing on causes. 82% of advisors say very few clients involve the next generation in family philanthropy. Faith-based causes represent 73% of interest from parents, but…

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