Insights on markets, emergent trends, history, innovation, risk management, global economics, strategy, policy, and other topics that catch our attention. Inspired by ongoing research, conversations and events. Written and edited by Osbon Capital Management and published every Thursday morning.
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Seven Habits of Truly Successful Families
For several weeks we’ve been discussing what Charlie Collier found when he studied what made wealthy families truly successful over the long term. While panning for nuggets from our previous posts, we see seven indispensable practices that maximize family wealth, and here they are…
House Rules For The Truly Wealthy
Where do you keep your house rules? Are they hanging on the fridge, framed in your study or simply preserved through an unspoken mutual understanding? The fourth installment of our True Family Wealth series is about intellectual capital, which includes the framework for making decisions in wealthy families. The intellectual capital topic often sits untouched and unarticulated. Here’s how it can help you.
Social Capital is Your Bond With Society
This is the third in our series on true family wealth. We previously discussed the most obvious form of wealth — financial capital — and the most important form – human capital. Today we move on to social capital. Your family’s social capital is used to care for others beyond your family.
The Most Important Component of True Family Wealth
This is our second in a series exploring the elements of true family wealth. Last week we covered the obvious and most easily measured one, financial capital. This week we’re on the most important one, according to family and wealth expert, Charlie Collier. As you consider your own family, this category deserves lots of attention. So what is it and why’s it so important?
The First Component of True Family Wealth
Following the popularity of last week’s article, we’re launching a four-part series and taking a deeper dive into Charlie Collier’s philosophy of true family wealth. Charlie spent 25 years advising Harvard’s largest philanthropic families. Over the next few weeks, we’ll explore each of the four wealth components in more depth. We’re starting today with the foundation of wealth, your Financial Capital. How should it fit into your family?
The Four Components of True Family Wealth
When you think about wealth in your family, are you only thinking about financial assets? Charlie Collier says there’s much more to the story. Charlie, a former Senior Philanthropic Adviser at Harvard University for 25 years, is considered one of the world’s top experts on family wealth. Based on his extensive experience at one of the largest philanthropic organizations in the world, second only to the Vatican, he says it’s important to think past money when considering wealth.
Is Robotic Investing Right For You?
Is a machine up to the task of managing your money? A lot of venture capital money is betting yes as more and more “robo-advisors” hit the market. Fascinating stuff, but the closer you look, the more algorithms, formulas and artificial intelligence come up short. Technology has a big role in investing, but there are still many circumstances when human touch and insight just can’t be replicated. Here’s a guide for managing your money in the robo age.
Sentimental Stocks and What To Do With Them
You probably know someone in this situation, or maybe you’re in it yourself: holding a large position in a single stock. You might have earned it over a long career at the company, or inherited it from a spouse, or received it as a loving gift. Through appreciation and steady, increasing dividend reinvestment, the position has grown quite large. But has it grown too big? Has this legacy stock become a potential problem, representing needless and dangerous risk? Here are some thoughts:
Better Reporting: See Your Finances In A Whole New Light
There’s a big difference between data and insight. The financial world has been great at generating the former, but notably weak at taking the next step by creating insights. At Osbon Capital, we see that as a major shortfall and have invested heavily in reporting capabilities that let you take control of your financial information. With our industrial strength financial portal, our clients have all the information they need to understand where they are and how to reach their goals. Here’s the latest in technology.
