Lifelong learning. It’s a core belief here at our firm, and we regularly read across a variety of topics. I recently asked the team to share any of their favorite books from the past year, business or otherwise. Below is what we’d offer up as our recommendations from 2017, and if you have any good book recommendations from the last year, please let us know!
As my clients know, planning for the future eventually includes a conversation about mortality. When Breath Becomes Air by Paul Kalanithi is a powerful memoir that tackles this topic to its core. This story made me reflect on how the human spirit allows us to re-imagine a new future that includes hope, faith, love and joy – no matter what the circumstances and regardless of the uncertainty. There is so much about this story that lingers, leaving each reader a new set of ideas, and most likely questions, that will, no doubt, leave you changed.
My favorite book of 2017 was The Obsession by Nora Roberts. While Nora Roberts is probably better known as a romance writer, her last several books are more mystery/thriller types that appeal to me. This story is a mystery about woman who (as a child) discovered her dad was a serial killer. Fast forward to her adulthood and she is being stalked by a serial killer who is mimicking her father’s style. The setting is the islands of Puget Sound, and I liked the story and flow of the book.
I thought Principles by Ray Dalio was a great read not just from a business perspective (Dalio founded what is now the world’s largest hedge fund), but also life principles. Obliviously he has been vastly successful in the business world, but he also shares valuable thoughts on how he lives his own life, and I think most would take something meaningful away from this book. As Dalio writes, “Time is like a river that carries us forward into encounters with reality that require us to make decisions. We can’t stop our movement down this river and we can’t avoid those encounters. We can only approach them in the best possible way.” Good stuff!
This year, I re-read The Power of TED by David Emerald because it provides great guidance on how to best interact with others in more effective ways. It explains the undesirable roles and techniques we often find ourselves in and provides an empowering alternative. For anyone who wants to lead, manage, coach, parent or help others with greater impact and results, this book is for you.
One that caught my attention earlier this year and challenged many of my longstanding beliefs was Predictably Irrational by Dan Ariely. It’s a book about human behavior and how we consistently act irrationally. So consistent, in fact, our irrational behavior is predictable. Many of his illustrations point out the ways we repeatedly act irrationally in every day behavior and makes the reader much more conscious of these actions.
The most common question clients ask me in meetings these days is, “When will this run end, and how bad will the downturn be?” Published in 2008, “The Great Depression: A Diary” is part history and part finance that offers some perspective for today’s environment. Authored by a young attorney who was fascinated with the 1929 stock market crash, this story offers an in-the-trenches account of the ugliest recession our country has ever faced. My takeaways include not only the changes in our economy and markets since the 1930s that will help prevent another 10-year depression, but also the things that remain the same, such as fear, greed, and the folly of relying on predictions in managing one’s money.
The Janiczek Team raced their way through the Donor Dash!
On Sunday, July 16th, the Janiczek team completed the Donor Dash 5k at Washington Park. The Donor Dash is a 3.1 mile run/walk to honor the lives of organ and tissue donors, celebrate the lives of organ and tissue recipients and recognize those who continue to wait for a lifesaving transplant. The Donor Dash was a huge success this year, with over 4,800 individuals participating in the event. The race hit close to home, as a few team members were racing in honor of family members who were donors or recipients.
On June 14th, Kyle Kersting, CFA, Director of Investments, participated in a panel discussion to an audience of the largest family offices, registered investment advisors, private banks and wealth management firms in the Mountain States region. Kyle lead a discussion around advising the ever-changing high net worth client. More specifically, 76% of women change advisors after a transition period such as a divorce or death and how advisors can work with this group beyond just portfolio construction. Discussing how private wealth management firms ensure that wealth is preserved for future generations as a transition into the growing millennial demographic and how to tailor your wealth management approach to appeal to both demographics.
“Every deal is unique and has its own detours and surprises, but selling your business has discrete steps that all business owners should know.”
This how Kevin Cudney, M&A attorney with Brownstein Hyatt Farber Schrek, opened last week’s “Selling Your Business” program held with Janiczek Wealth Management.
Janiczek Wealth Management is proud to sponsor an Expert Panel on Life-Changing Liquidity Events. Experts from EKS&H, Minor & Brown, The Forbes MA Group, Business Enterprise Institute (BEI), Denargo Capital and Janiczek Wealth Management convened to share stories and best practice tips on creating “the perfect exit.”
The panel includes Joanne Baginski, CPA (partner EKS&H); Lisa D’Ambrosia, Director/Shareholder, Minor & Brown; Bob Forbes, President/Founder, The Forbes M+A Group; Joseph J. Janiczek, Founder/CEO, Janiczek Wealth Management; John Brown, Founder of Business Enterprise Institute; and Pal Berg, Co-owner of Denargo Capital. Kumar Dandavanti, Founder, Dandavanti Group is on the expert team but was excused due to overseas travel. Check out great video snippets, quotes, tips, article and an infographic at: www.janiczek.com/expert-panel/. Also includes resources from the Selling Your Business – How to Create the Perfect Exit event several of the Expert Team panel members put on in conjunction with the Denver Business Journal.