Family offices display seemingly contradictory behavior — maintaining equity exposure through volatile markets while obsessively avoiding certain deal-specific risks. This episode explains the psychological distinction between market losses and mistake losses.

Learn why market losses feel like weather while mistake losses feel like personal failures, how to identify and address "mistake" risks in your presentations, and why families measure regret rather than volatility.

Key topics: family office investing, risk psychology, market risk, operational risk, loss aversion, due diligence, capital allocation, behavioral finance, wealth preservation, regret minimization

The Capital Stack — insights from inside the allocation room.

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