Tag

family office Archives - David Werdiger

How Do Subsequent Generations In Your Family ‘Prove Themselves’?

By | Familosophy, Featured Posts | No Comments

Consider this from two perspectives: the family and the individual. Do families demand that younger generations prove themselves in some way, perhaps before being allowed to join the family business or take some other role with respect to the family assets? The other side is the view of the younger family member. Being born into wealth can be a lodestone, especially the way ‘privilege’ is a dirty word in some circles. The world loves a…

Read More
The downside to wealth

The Downside to Wealth

By | Familosophy, Featured Posts, Uncategorized | No Comments

This is a difficult topic to broach, and needs to be done only in appropriate settings – indeed, that might be the most important message of this topic. After the story of BMW heiress Susanne Klatten went public, she was slammed on social media. Her personal challenges – the responsibility, self-doubt, and being targeted by scammers – are real. But it’s very hard for anyone brought up without wealth to have any sympathy (and often it’s the reverse), so seeking it from ‘outsiders’ is almost a waste of time.

Read More

Can Money Buy Happiness?

By | Familosophy | 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…

Read More

Speaking at PWN on Entrepreneurial Risk

By | News / Media, Speaking | No Comments

David Werdiger is keynote speaker at Private Wealth Network’s Entrepreneurial Risk Forum, held in Brisbane, Sydney, Melbourne, Perth and Auckland. He addresses the role of ‘entrepreneurial risk’ in the private investment portfolio. Often families, having realised in whole or in part, the value of their investment in a successful family enterprise, seek to invest in new entrepreneurial endeavours. How important is “entrepreneurial risk” as an investment category? Asset allocation strategy vs opportunistic investing In-sourcing vs outsourcing…

Read More