Family Office Impact Investing
Bullet Points
- Concept of a "north star" as a guiding principle in life.
- Intersection of prosperity and purpose in personal and professional pursuits.
- The balance between financial success and making a positive impact.
- Importance of aligning personal values with professional goals.
- Examples of notable entrepreneurs and their philanthropic efforts.
- Influence of personal experiences on charitable motivations.
- The role of entrepreneurial spirit in driving social change.
- Encouragement to support and collaborate with like-minded individuals.
- The process of introspection to determine personal motivations and causes.
- Creating a fulfilling path that combines wealth generation with societal contributions.
Josh Wilson 00:00:00 How does one determine what their North star is?
Ronald Diamond 00:00:03 So when I say my North Star, I again, it's not a panacea, but I do think that I kind of look at myself as the intersection of prosperity and purpose. So I'm a capitalist first, and I'm trying to maximize as much money as I make. But you could do that. And also. Do things that are good and take these entrepreneurs. So when I say to my North Star, it's basically taking these entrepreneurs, these guys like Michael Milken or Bill Gates or Erik Lucas, or I mean, Sergey Brin has a predisposition for for pancreatic cancer. So he's donated $1 billion. Is he going to solve it? I have no idea. But I put my money on him over the American Cancer Society just because he's the way he's wired. So that's what I talk about with my North Star.
Ronald Diamond
Founder & CEO, Diamond Wealth, TIGER 21 Family Office & Chicago Chair and Founder, Host, & CEO of Family Office World Media
Longtime investor and entrepreneur Ronald Diamond is the Founder and Chairman of Diamond Wealth. He invests alongside 100 Family Offices ranging in size from $250 million to $30 billion. Diamond Wealth invests in private markets (private equity, venture capital, real estate).
Ronald serves on the Advisory Board of numerous privately held companies and acts as Chairman for several of them. Ronald is also the Chair of two TIGER 21 chapters in Chicago and Chairs a newly created Family Office Group for TIGER 21. He is the past Chairman of the Advisory Board for the Disruptive Technology and Digital City’s Program at Stanford University, taught classes in the Entrepreneur Program at Stanford, and helped to create the Stanford Family Office Initiative.
A frequent speaker at Family Office and Alternative Investment Conferences, Diamond has spoken at over 100 conferences around the globe. Mr. Diamond is also the Founder, Host, and CEO of Family Office World Media which serves as an informational resource, platform, and community hub where Family Offices can upskill, collaborate, and innovate. Family Office World Media aims to provide a space for Family Offices to learn from each other in an unmonetized environment, leveraging wealth for social good. The platform includes education, events, a podcast, and a newsletter.
Earlier in his career, Mr. Diamond founded Pinnacle Capital — a $250 million hedge fund that outperformed the S & P index 10 out of 10 years — before ultimately selling his company to an international investment firm. Previously, Diamo… Read More