Don’t Waste This Crisis

During the Financial Crisis Rahm Emanuel shared his opinion that is now legend. We are in another crisis that our blog this week will chronicle how we can draft off of Mr. Emanuel’s statement. We know that every crisis is different but as Mark Twain said it often rhymes. Let’s look at ways we can use our time to not waste this unfortunate crisis. 
Social Media
Social Media is this generation’s cocktail party. While we never want to miss a party we know who to avoid. Successful Social Media accepts that most of the opinions are fake, BUT just like a cocktail party there are people who you need to seek out. This exercise starts with what platform we want to visit and who is going to be at “The Party” ?  Your partner doesn’t need to answer who will be at the party. A good platform lists their guests. Since we have time to look, look!  Bill Gurley shares that he uses Twitter to evaluate potential firms he is considering. Our recommendation is to create a Social Media account for your fir…

Shelter in Place

Today marks  the one week anniversary that our mayors, governors and self aware bosses asked us to shelter in place. The week seems like it took longer than my college grades took to arrive in the mail. After we accepted the boredom we began to identify people and  technology that can help us survive the next few weeks. Our blog will summarize our favorites.  
Business Apps
Many of our service providers have scheduled conference calls to continue our training or to teach us new skills that will be helpful after we received an all clear. Most  group call technology didn’t make the grade. The only lesson I learned is that bandwidth matters and the time  you start the call matters. Starting the call at the the top of an hour is “me too” and will create a bandwidth issue. Starting the call at at 15 after or before works best. We all need to accept that we will have to wait. What else will you do rather than check the death toll.  Our favorite conference call programs are listed below. A g…

Wind Changed Updated 3-18-2020

We have had a great run in the capital markets and in the wealth advisory business.  Unfortunately, the recent market action signals that the wind is no longer at our back.  This week we will look back and discuss what we can expect going forward.


The wind has been at our back longer than the recently ended 11 year bull market.  It helped the Trust Banks attract clients and manage their money investing in lists of well known blue chip stocks.  The wind changed and accounts lost value causing angry clients to look for new firms to invest their money.  Professional money mangers emerged and over the next cycle they thrived until the wind changed.  The next business that picked up the investment torch was the lower cost funds who passively replicated the major market indices.  Now that the wind has changed we should start to look for the firm that has washed their hands and found an improved investment strategy.

Donald Rumsfeld introduced us to an idea that that there are

The Cure

COVID-19 has dominated our news and impacted our markets.  There are numerous qualified organizations who are looking for a cure to this disease and we ALL hope they find it soon.  Our monthly examination of Podcasts can hopefully cure our souls.  We will look for our cure in the familiar places of True Crime, Education and Morning Messages.

True Crime
Our favorite is a podcast that summarizes the HBO documentary on the group that stole McDonalds monopoly game pieces.  A shocking story.

We learn a lot from history.  Our favorite podcast is regarding the history of conflicts between businesses that were fighting for market share.   

Morning Message
While most read a paper or visit a website, I listen to a Podcast.  My favorite is Business Casual hosted by a brilliant millennial. 

While none of these Podcasts will cure COVID-19 I hope they cure your soul ....


Twenty-Five years ago, our oldest daughter, Page, was born in Dallas! The next day my wife and I “decided” to move to San Francisco.The area’s beauty was breath-taking, but I had a lot to learn.The first items were the cost of living and the dinner party topics regarding the internet and Stanford.The other major item I needed to address was my judgmental opinions of people who had a different opinion.It wasn’t long before I met ArmisteaMaupin.He cured my shallow opinion on gay people because of his heart, intellect  and our common Southern roots.Recently our country fears the outbreak of COVID-19.Our advice is to seek the advice of a knowledgeable Dr. instead of social media self-proclaimed experts.Our blog this week is about how we can address our judgmental opinions to personally and professional grow.I’ll begin with an inspirational TED Talk with the disclaimer that I’m not Black and I’m not gay.Neither are a valid excuse to not expand our personal or professional scope.



The Democratic Presidential race has brought two major issues to the voters.Medicare for ALL and higher taxes on the wealthy.While they “trend” on social media ultimately it is our vote that counts.In addition to the election we read many announcements about bankruptcies this week.We will look at the failures and see if there are similarities that can benefit our business.Our capitalist system works and making knee jerk conclusions can be dangerous.Let’s look.

Old Gen
The capitalist business model doesn’t play favorites.This week several old school firms filed for bankruptcy protection.We will examine two that failed for different reason.The Boy Scouts filed because of the harassment charges against them were adding up.The scouts oath to do the right thing seems to mean different things to different people.The other firm that filed was Pier One.Low prices drive traffic but don’t equate to profits.We can learn from both!

Next Gen
The VC funding craze that was looking for Unicorns seems …


Relationships are the life blood of our personal and professional lives.We are constantly reminded of this fact by our “friends” at Hallmark and recently at Tender.Relationships are on our minds as we recently celebrated Galentine’s or Valentine’s day.  Heck, we spent a record amount on Valentine's this year.  Our blog this week discusses the importance of relationships for Wealth Advisory firms and more importantly their clients.

First Date

We put too much pressure on our first date.“Can you set me up?” makes some major assumptions that you like the same type of person that I like and more importantly they will like me!Referrals are a major source of growth for most wealth management firms.The assumptions here are even greater and potentially serious.A diversified portfolio that works for me might not work for you and your family.What can we do?Our experience is to spend time with the advisory firm and to read any thought pieces that the firm produces.Hopefully this will help you…