“I’m running out of ways to say sorry” and the demise of value investing

The air of despair persuading people to vote for populists has led to a crisis in art, fine wine, watches and other collectables for which investors are steadily losing their passion. 

Recently, Goldman Sachs released its third family office investment report. It is a solid piece of research that has received extensive media coverage.

This piece is the third in a three-part series published in Family Capital based on, “The Antidote to Private Equity,” a chapter I wrote for Reshaping Reality: Unlocking the Potential of the Single…