KEEPING TODAY'S FAMILIES INFORMED AND INSPIRED
Our goal is to keep you inspired, informed, and connected to the leading voices and current thinking in the industry.
Global Markets: Where They Are and Where They May Be Going
Many investors are confused by the disconnect between the US economy and financial markets. In the video clip below, Chief Investment Officer Rick Pitcairn and Managing Director of Investment Strategy Bruce Stewart touch on that very subject, reflect on the latest Global Market Update, and discuss where we may be headed. (12 minute watch)
Planet Money Podcast
What makes money move? From the trade wars and big tech to health care and unemployment, Planet Money finds creative and entertaining ways to make sense of the big, complicated forces that drive our economy.
We suggest sharing Episode #993: Negative Oil with your family. April 20, 2020 will go down in history as the day that the price of a barrel of oil in the US fell below zero for the first time. In Episode #993 we learn - in practical terms - how something like that could even happen and what goes on behind the scenes with the world's top traded commodity. (16 minute listen)
All Things Adam Grant
An organizational psychologist and one of Wharton’s top-rated professors, Adam Grant is a leading expert on how we can find motivation and meaning and live more generous and creative lives. He is the author of four New York Times bestselling books: Give and Take, Originals, Option B, and Power Moves. His TED Talks on original thinkers and givers and takers have been viewed more than 20 million times.
The following articles are a great introduction into Grant's areas of expertise - organizational culture and the value of relationships. (5 minute reads)
Shared Family Activity from Pitcairn's Wealth as Well-Being Inventory
Family gatherings, whether in-person or virtual, have become especially significant over the last several months. Now more than ever, every time a family gets together is an opportunity to form deeper connections and create shared meaning. The next time the family gets together, consider planning the following activity:
Have each family member make a list of their personal intellectual capital. Intellectual Capital is what you know and what you have learned, both formally and informally. This includes any area of expertise or interest - from having a master’s degree to being an amateur sailor to knowing how to bake the perfect pecan pie. (Don't hold back!)
Once the brainstorming is complete, have everyone share their list. This is a wonderful opportunity to recognize the diversity and uniqueness of each family member. Then together, categorize each form of intellectual capital into different types of knowledge (artistic abilities, charitable experience, education, etc.).
Have a conversation about which items the group is interested in learning more about, or which items they would be willing to share and coach others in. Want to take it a step further? Have a family roundtable about what is not on the list. What knowledge gaps, if filled, could support collective goals? Individual goals? The goals of the rising generation?
Here is an example of a family's shared list. (60 minute activity depending on family size)
We leave you with a quote to ponder from the late Clayton Christensen - distinguished Harvard Business School professor, business innovation pioneer, and author of the powerful speech turned to book, How Will You Measure Your Life?. This quote is at the heart of the Gen7 Project™, Pitcairn's thought leadership and learning lab created to empower our families.