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Dan Ariely ponders what makes a good gift?

Posted in News

The reason it is posted here, as we shall see, is the answers touch on my job as the leader of a Family Office. According to Dan, what makes a good gift places emphasis on real value, not so much on price. I often say, “The most valuable things in Life cannot be taken away.” For example, Dan writes, “Good gifts should be experiences and not things. Good gifts should […]

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Dynastic Gamesmanship: Did David Rockefeller’s Crafty Trust Work Leave the IRS Holding the Bag?

“Among the UHNW set it’s considered de rigueur that Trust’s protect the Grantor’s assets for up to three generations. The estate of John D. Rockefeller, the world’s first billionaire, is preparing to rewrite the rules much to the chagrin of the IRS. The advisors that first set up the Rockefeller Trust in the 1930s are credited with paving the way for GST and other types of Trust’s that have kept […]

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Saft: Eight Years After Lehman, Finance Remains a Tax On Us All

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Below is a great article by Reuters writer James Saft. IT’s been eight years since the fall of Lehman Brothers. — (The opinions expressed here are those of the author, James Saft, a columnist for Reuters) Sept 2016 (Reuters) – Eight years to the day after the fall of Lehman Brothers and one thing has not changed: finance remains a private tax levied on the rest of us. Two stories […]

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Can you get rich investing in Uber?

The company is privately owned by a relatively small number of investors. Besides the Co-Founders, Travis Kalanick and Garrett Camp, most of real money invested in Uber came from Angels, VC’s, Broker Dealers and about $3.5 billion from Saudi Arabia’s Public Investment Fund (https://www.crunchbase.com/organ…). Unless you are among those types of investor’s you can’t invest in Uber, much less get rich. The real question is when and if Uber goes […]

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$1 Billion for Dollar Shave Club: Why Every Company Should Worry

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Below is a very astute article by Steven Davidoff Solomon recently published in the New York Times hinting at the future of start-ups.   Unilever is paying $1 billion for Dollar Shave Club, a five-year-old start-up that sells razors and other personal products for men. Every other company should be afraid, very afraid. The deal anecdotally shows that no company is safe from the creative destruction brought by technological change. […]

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Investment Firm Offers Ground-breaking Technology in Bid For Construction of California Desalination Plant

As the State of California begins planning to build as many as fifteen new R/O desalination plants, a consortium of engineering and development experts believes they have a solution for building more energy efficient R/O plants than the current benchmark, a $1 billion Public Private Partnership (P3) plant in Carlsbad, the largest ever built in the Western Hemisphere. Richard Gayton of Lakeside Virtual Family Offices organized the consortium by retaining […]

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Asset Allocation- Liquid- 75%, Illiquid- 25%. Here’s why.

Why does Lakeside Virtual Family Office, LLC recommend 75 percent of client assets be allocated to liquid investments, and 25 percent to illiquid investments? At least three reasons. One, most Family Office’s (FOs) focus on illiquid assets by necessity. For instance, let’s consider that the family net worth is tied up in a private business. If the business is unusually successful, it could beat the expected long-term average rate of […]

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Richard Gayton Attends 2015 Patrick Soon-Shiong Innovation Awards

As written in the Omni Nano blog, Richard Gayton represents Lakeside VFO. What a Day Full of Breakthroughs at the 2015 Patrick Soon-Shiong Innovation Awards It was truly a honor to be recognized and included among the top innovators for the second year in a row,” Dr. Curreli expressed in the opening of his presentation at the 2015 Patrick Soon-Shiong Innovation Awards. The event, hosted by the Los Angeles Business […]

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The Era of Real Estate Illiquidity

by A. Yoni Miller The silver lining of the economic recession is that it has fostered a generation who has witnessed firsthand, the repercussions of owning an illiquid asset in financial turmoil. This has spurred a psychological imprint that will shape their investment standards for years to come. The financial meltdown has removed the false hope from the hearts of commercial real estate investors seeking endless growth, and has forced […]

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Inside the Family Battle for the Newman’s Own Brand Name

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Below is a great article by Mark Seal from Vanity Fair about Paul Newman and his Newman’s Own brand and illustrates the dynamics and importance of succession planning. Joanne Woodward, youngest daughter Clea, and Paul Newman at a party for Paul’s 50th birthday at La Cave Henri IV restaurant, New York City, January 26, 1975. Digital Colorization by Vanity Fair; © Globe Photos/ZumaPress.com. When Paul Newman died, in 2008, he […]

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