A weekly collection of news and highlights. Included this week:
Is Norway’s wealth tax a working model?
America’s most valuable public family businesses
From timber dropout to luxury billionaire
Anti-AI bets on the rise
Lessons on when to build a family office
Living Large: Boomers set to pass down $570B of collectible vehicles
𝕏 highlights
What if 90% of your portfolio was VC?
Family offices’ unique approach to AI.
An interesting discussion on the unregulated world of PJs. Charter, own or fractional?
reddit highlights
Things are getting philosophical on reddit.
in highlights
Is the greatest threat to family wealth the family itself?
Family member investment committee compensation: Yes or no?
Do you own an index fund because of efficiency, or because it's worked well this decade?
Family Office news roundup
Bringing an investment perspective to family office recruitment. Cowan Partners principal Jacob Gamble shares how time spent in capital allocation can go a long way to avoid candidate mismatches in family office recruitment - Mr Family Office
Lessons from Tiger 21 founder on when to build a family office. Michael W. Sonnenfeldt says open a family office only if you’re ready to build teams, systems, tax strategy, estate architecture, and culture. Otherwise, buy the best advice you can find - MSN
Talent shortage on the rise across Family Office sector. AI fear has been driving talent away from the wealth management profession, starting in the training grounds - Wealth Management
BlackRock’s million-dollar hire exposes elites’ bet against AI. Jessica Bulen’s jump to BlackRock signals a frantic institutional scramble to secure the billions hiding out in the real-world economy, while the public square remains blinded by wild AI hype - Bloomberg
Family investors turn to old-economy businesses to avoid AI disruption. Anti-AI trade has gained steam on Wall Street and mimics family office investments in old-economy assets like dealerships and fisheries that offer stability and attractive cash flow - CNBC
Mining billionaire Ellison sells stock to set up family office. Controversial managing director of Mineral Resources Ltd., billionaire Chris Ellison, has sold shares in the company he founded in preparation to set up his own family office - Bloomberg
Building the infrastructure behind generational wealth. Family offices have become a response to administrative sprawl, a structural answer to complexity. And as global risks rise, these entities are becoming risk management hubs - Forbes
Living Large: the finer things in life
The Great Wealth Transfer includes $570B in classic cars. A look at the emotional and financial chaos around inheriting classic cars as baby boomers set to pass down an estimated $570 billion worth of collectible vehicles - Bloomberg
ICYMI: last week’s newsletter offered a new family office talent blueprint.
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