Building a Family Empire Like Warren Buffett
Join me live on my social media platforms Thursday, April 25th @11am et as I discuss with @Ram Ahluwalia, CEO & Co-Founder, Lumida, perhaps my most engaging interview yet ‘Building a Family Empire Like Warren Buffett!’
A lesson I learned in my global travels meeting the worlds most dynamic families? Truly dynastic wealth is created and maintained by ownership and commonly control of private companies.
The best days of Berkshire are behind them. They are ‘too’ large. However, there is a way to create your own mini-Berkshire Hathaway.
I discuss with Ram how to do this including the interplay of:
- Permanent capital
- Tax efficient
- Non-callable carry trade
- High ROE
- High cashflow w/depreciation
It’s a 3-step process and it will take 3 to 5 years.
Ram discusses the first step requires $1b across a consortium to acquire the core operating asset (eg, the modern day equivalent of Berkshire’s textile mill…).
That’s the easy part!
We discuss tax: ordinary investors access the after-tax dividend cashflow. That's ~1 to 3%. Buffett accesses the pre-tax cashflow of its 60+ subsidiaries. This can be 15% to 20%. The depreciation from growth/Capex investments in other subsidiaries can offset the taxable gains.
This is just the beginning. I never said it was easy.
We dispel plenty of myths that PE would like you to believe.
There’s a banking play here that I briefly discuss with Ram.
Now is the time for the right family offices or consortium of family offices to truly rise and accomplish extraordinary accomplishments. Think big!
This is among my life’s work… it’s a pleasure to learn of Ram’s invaluable insight into the right way to be a direct investor, I learned so much and hope our conversation and perhaps future collaborations can accelerate what we both see as tremendous opportunities for family offices.
Go to www.angelorobles.com to learn more about membership and interact with incredible guests of Ram’s caliber in-person at our private investor roundtables. In addition, we host multiple NYC and Palm Beach (hosted at the Breakers) private luncheon & dinner peer-to-peer investor programs.
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