Focusing on what is within our control and accepting what is not
The Stoic philosophy, originating in ancient Greece, emphasizes the importance of focusing on what is within our control and accepting what is not. This core idea is central to achieving peace and stability in life. Here’s a detailed explanation: Core Principles of Stoicism Dichotomy of Control: Things Within Our Control: According to the Stoics, these […]
Humans have a complex interplay between their emotional and rational parts
Humans have a complex interplay between their emotional and rational parts, often described as the interaction between the limbic system (emotional) and the prefrontal cortex (rational). Steering the emotional part using the rational part is a challenging endeavor for several reasons: 1. Biological Basis Limbic System vs. Prefrontal Cortex: The limbic system, which includes structures […]
The 7 Top Priorities of Real Wealth Management
Published in Family Office Magazine, Spring 2018 by Enzo Calamo Although most HNW and UHNW families create, or retain, a family office to handle their wealth management needs, too often the sole focus of their family office is money allocation and asset management. To be fair to family offices, it is important to remember that […]
A Family Office Is An Important Part Of Sustaining Family Values
I am often asked by new clients, “why do I need a family office?” After all, most people already have existing relationships with banks, portfolio managers, investment advisors, insurance agents, lawyers, realtors, accountants, etc. These professionals, firms, and institutions usually have an established long-term relationship with various family members. So why even consider a family […]
I want to be a Billionaire!
“Inherited wealth is a real handicap to happiness. It is as certain a death to ambition as cocaine is to morality.” William K. Vanderbilt (grandson of Cornelius Vanderbilt) Often when I listen to people’s dreams, I hear them say, “I want to be a billionaire!” In fact, that thought has crossed my own mind several […]
Time Is Your Most Valuable Asset
Your life is but a fleeting moment in history. If there are any doubts in your mind, take a Sunday drive through your local cemetery to observe people who also thought they had a lot of time left. An inscription on the floor within a Crypt of the Capuchin Monks, next to a pile of […]
The Foundation Of Wealth Is Being True To Yourself
“What lies behind us and what lies before us are tiny matters compared to what lies within us.” Ralph Waldo Emerson The ancient Greeks had the saying, “Know thyself,” inscribed on the Temple of Apollo at Delphi. It is only by being true to yourself that you will uncover the meaning of your life and how to fulfil […]
Understanding True Wealth Versus Being Rich
“It requires a great deal of boldness and a great deal of caution to make a great fortune; and when you have got it, it requires ten times as much wit to keep it.” Meyer A. Rothschild True Wealth is so much more than money or assets. Henry Ward Beecher said, “No man can tell […]
All the money in the world doesn’t mean a thing if you don’t have time to enjoy it
The quote by Oprah Winfrey, “All the money in the world doesn’t mean a thing if you don’t have time to enjoy it,” captures a profound truth about the relationship between wealth, time, and happiness. Here’s a detailed explanation of its meaning: 1. Money as a Means, Not an End Superficial Nature of Wealth: The […]