Ep 32. The Missing Billionaires - Victor Haghani [Founder & Author]
Manage episode 427240859 series 3584470
In this episode host, Belle Osvath, CFP®, chats with Victor Haghani, co-author of "The Missing Billionaires: A Guide to Better Financial Decisions" and founder of Elm Wealth. Victor discusses the intriguing phenomenon of America's wealthiest families losing their fortunes over generations despite favorable investment conditions. He explores these families' critical mistakes, particularly poor risk management and unsustainable spending habits.
Victor's insights are rooted in his extensive experience in finance, including roles at Salomon Brothers and as a co-founder of Long Term Capital Management. He also spent significant time in academia at the London School of Economics. His book covers why, despite historical market growth, many of the early 20th-century fortunes did not endure, pointing to over-concentration in investments and fixed spending habits that needed to adjust to actual returns.
LinkedIn:https://www.linkedin.com/in/victorhaghani/
Website: https://elmwealth.com/
---
The Smarter Planner Podcast is a product of the Financial Planning Association National Capital Area Chapter (FPA NCA). All information is for educational and informational purposes only. Belle Osvath and the FPA NCA do not endorse or recommend any people, products, or services featured or discussed in this podcast.
42 episodes