Episode 1: Stewarding Long-Lived Wealth

In this lesson, the hosts introduce an investment framework for managing long-lived wealth. They emphasize the need for a major shift in thinking and offer a comprehensive capital management roadmap for wealthy individuals, family offices, and institutions. The discussion highlights the importance of long-term planning, diversified portfolios, and adapting to changing economic regimes. They also address the challenges of forecasting and minimizing biases. The hosts stress that stewarding long-term wealth requires a different mindset from short-term trading or indexing. They encourage individuals to consider managing money over decades rather than a few years. The episode emphasizes the significance of preparation, eliminating uncompensated risk, and building a structure that can withstand different economic regimes. The upcoming episodes will delve into topics such as balance, global diversification, and the challenges of forecasting in the context of long-term asset stewardship.