From Gowdie Family Wealth (AUS) –
‘You can have the top 10% and the bottom 10%, I will take the 80% in the middle.’
Baron Nathan Rothschild
Baron Rothschild’s advice is simple and easily understood. You cannot pick the bottom or top of a market…so don’t try. Aim to take the meat in the investment sandwich.
This is invaluable and easily transferrable guidance for future generations to follow.
When it comes to family wealth management, you have to adopt the KISS principle. Otherwise, you risk the following:
What if I don’t want to be part of the family office?
What if I don’t want the responsibility of looking after our family money?
-If you want to subscribe and learn more, visit PortPhillipPublishing.com.au (paywall) (English)-