Family Office Sherpa Podcast Episode 32 - Lessons Learnt From 13 Years of Family Office Investing

The latest Family Office Sherpa episode breaks down the investment lessons I have learnt from 13 years of family office contact.

Most are positive, some are challenging, nearly all are unique to this client type.

1) They lean into what they know and what they do well - it's not reckless concentration, it's focussed conviction.

2) Relationships trump everything - often borne from the furnace of building a company, when the stakes are highest.

3) Personality Fit Beats Credentials - lean businesses need the right person.

4) It’s Not a Secret Society - there's a power in talking to others

5) Due Diligence Is Often Human - a tick from certain people is enough

6) Things Can Change Quickly, Or Take Forever - when to push and when to pause.

7) Make It Easy to Communicate Upwards - principles are not committees

8) A Great CFO Changes Everything - it creates structure and discipline in the office

9) Logic Doesn’t Always Land - understand what resonates with the office, not just your ideals.

10) Not Everything Has a Financial Outcome - some of the most impactful investments are in causes or people.

11) Passive Doesn’t Mean Indexing

For more insights into family offices and their investments, operations and technology, subscribe to the Sherpa newsletter at:  hallroad.com.au.

Cheers

Shaun.

“Hall Road Investments Pty Ltd is a Corporate Authorised Representative (CAR No. 001279456) of Non Correlated Capital Pty Ltd (AFSL No. 499882). Shaun Parkin is an Authorised Representative (AR No 001279458) of Hall Road Investments Pty Ltd (CAR No. 001279456) and is authorised to provide general advice to wholesale investors”