Tomas Chamorro-Premuzic

Call them rule breakers.

Hey, Marla, it's great to be here.

And I have to tell you, Marla, I'm really, really impressed by some of the staggering statistics and facts around family offices.

I mean, I know people who work in this industry.

I know some friends, some clients, but some incredible stats for our listeners.

So since the first family offices were established in the 19th century,

They have grown to over 8,000 single-family offices globally, and they manage over $5 trillion in estimated wealth, a figure that is expected to increase to $9 trillion by 2030.

So this is a huge industry.

As that family wealth is transferred, the question is what or rather who drives the strategic agenda for these investments and what will happen with this wealth, not just in terms of the investment, but also influence around the world.

Fantastic, inspirational story.

I'm sure many of our listeners and viewers will want to do this.

Let's not forget compulsory to come back.

Yeah, especially compulsory.

So let's maybe switch gears from mountain climbing to climbing the career ladder.

And you had an interesting and I'm sure not always predictable path to where you are today, including stints at Procter & Gamble and Bain.

Tell us a little bit about your journey.

And tell us a little bit about the decision or the transition from that world to leading the investment arm for two of the biggest names in family wealth, the Walton family and the Bill Gates and Gates Foundation.

And a lot has been written about their approaches to making, spending, donating, and maintaining or growing wealth.

But how would you summarize their philosophies or approaches?

Your description and your story reminded me a little bit of, you know, when firms or organizations say we're like a family, I always think, you mean dysfunctional?