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No images? Click here ‘That’s what Dad used to say’: What it means when next-gens ‘become’ their parentsFor better or worse, you might be turning into your parents. It can be an amusing process, but as you age, this phenomenon may also affect how members of enterprising families step into new roles in the family—and in the family business. Recognizing one's parents within oneself might signal real changes in family priorities. As a classic example, aging adult kids might start avoiding risks, focusing instead on wealth preservation. How then do researchers view this sense of turning into our parents? Are there ways to understand it beyond family anecdotes and in-jokes, especially with so much at stake in enterprising families? It was our most popular article of the week. Where you'll find us
Feel free to send us feedback at info@CanadianFamilyOffices.com MEMBER CONTENTHighlights from April’s Canso Market ObserverThe U.S. administration is increasingly mercurial, and forecasts don’t seem to matter much in Times Trump. Now’s the time to keep portfolios safe. Earlier concerns about tariff-driven inflation have been overtaken by the U.S.-Iran conflict and Iran’s disruption of the Strait of Hormuz, which has triggered a historic surge in global energy prices. Central banks face a critical choice: resist easing policy and contain inflation, or risk repeating past mistakes like the 1970s oil shock. In their latest quarterly Market Observer, the team at Canso Investment Counsel Ltd., a leading Canadian institutional investment management firm, worries about the incoming chair of the U.S. Federal Reserve, who is likely to come under considerable pressure to ease monetary policy to help with the energy crisis. Click here for the full Market Observer. This article is brought to you by Canso Investment Counsel Ltd. MORE TOP STORIESCanada not immune to growing unease with the concept of philanthropySocial media has fanned the flames, but the debate is not all pointless noise, expert say Many family offices don’t have an investment committee. Here are five reasons why they should.Simply put, an investment committee can create value and portfolio resilience for current and future family members, writes Dan Riverso RECENT ARTICLESDespite ‘prisoner’s dilemma,’ family-office investors remain patient with private creditNewer investors are trying to get out, while others are saying, ‘Let’s see how this thing plays out’ Where VC meets AI—and is fuelling a revolution in ‘reasoning abundance’John Carbrey, founder of FutureSight, says it’s negligence for a family office not to have an AI strategy The Fairfax playbook, Part 2: Inside Prem Watsa’s long-term plan for family control and corporate longevityHow Prem Watsa and Fairfax are working to ensure a business legacy for the ages One way UHNW families are improving the odds for new members: in-family educationSharing family history, values and practices can help new members fit in and contribute to everyone’s success |