The pressure had been building for weeks. And it all came to a head last Thursday. I was sure Sarita and I were about to lose our long-time investment advisor. In fact, I went into my meeting with him sure this would be our last meeting together. And I was totally–totally–bummed. It was the culmination of growing distrust between our advisors.

Why had things come to this point? Read the rest of this entry »

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I got the title for this post from James E. Hughes Jr.’s Family: The Compact Among Generations. A strict, literal translation of the phrase would render it as “persons of confidence.” But the meaning that Hughes wants to convey has to do with “persons in whom [a family] can have confidence,” “trustworthy persons,” or, in brief: “confidants.”

Hughes suggests every family needs personnes de confiance, and he goes into some detail describing their duties, responsibilities, and characteristics. In sum, he says, personnes de confiance fulfill “the role of the great ‘number two’–the person whose mission is to make others great.” These are people who subordinate their own ambitions to help promote the concerns and interests of those they serve. [p. 247] Read the rest of this entry »