THE THIRD-GENERATION CURSE
September 17, 2019
There is a famous proverb in the United States: “From shirtsleeves to shirtsleeves in three generations.” Interestingly, many diverse nations have the equivalent saying: “Rice paddies to rice paddies in three generations” in Japan; “Clogs to clogs is only three generations” in England; “Wealth never survives three generations” in China; “The father buys, the son builds, the grandchild sells, and his son begs” in Scotland: these are just a few colorful examples.
What I learned sailing over an underwater volcano
July 31, 2019
Earlier this summer, with gusting wind in my hair, fine sand between my toes, and harsh salt on my hands, I was sitting at the helm of a 40-foot (12 meters) sailing catamaran. As a sailor I know that alertness and preparation are crucial to not only enjoyment but even, frankly, survival, in some conditions and locations. A particularly treacherous stretch of this trip was the crossing from the island of Carriacou to Grenada (in the Lesser Antilles, Caribbean Sea). This experience and a conversation with a dear friend, crew member, author and investor himself - Jake Taylor led to a discussion about our strengths and weaknesses. It was fascinating to note the way sailing and investing put both to a real test!