TIGER 21 CHAIR SPOTLIGHT: NANCY REID
The TIGER 21 Chair Spotlight introduces you to the remarkable people that make up the TIGER 21 community. This week, meet Nancy Reid, TIGER 21 Seattle Chair.
Tiger 21 Chair,
How did you get involved/introduced to TIGER 21?
I’d been happily directing a $100 million capital campaign for a nonprofit in New York, but couldn’t resist the opportunity to work with this team and these Members. I began to work with this community in 2010, and in the years since, I’ve moved across the country and started my own group in Seattle.
What made you decide to become a TIGER 21 Chair?
I love this work. One of my fellow chairs says that “at TIGER 21, we invite investors into the room, and human beings show up.” It’s an extraordinary privilege to welcome those human beings into the room, and to help create an experience that makes such a big difference in their lives.
In your opinion, what are the benefits of being a TIGER 21 Member (or chair)?
Over the years, I’ve found that hearing the actual stories of how respected peers have made decisions is enormously helpful.
Our Members share their best thinking on investments, advisors, philanthropy, and legal and family situations. Most people simply cannot find this level of candor and transparency anywhere else. We also laugh a lot-mostly at ourselves.
What is your best piece of advice you have heard during a meeting?
Every day that you choose not to sell an asset you own, you’re essentially choosing to buy it at that day’s price.
Also, one of my Members said recently that we all tend to worry about what other people think about us. But the reality is that almost no one is thinking about us at all-they’re all thinking about themselves! So we all ought to cast off old ideas about what we “should” be doing, and design our lives with all the clarity, creativity, and grace we can muster.
I loved hearing that, and it’s fun to support TIGER 21 Members as they align their resources-their wealth, but more importantly their time-around what’s most important to them. Sometimes, that’s philanthropy. Sometimes it’s spending time with family. Sometimes it’s building an operating business. Sometimes it’s filmmaking, or snowboarding in Japan.
Who was the most important speaker you have seen and why?
Mohammed El-Arian explained the differences between asset allocation in an endowment and in a family. And Tom Friedman was brilliant and funny at the 2017 conference-he helped place this economic moment into perspective.
What is the biggest risk you took that paid off?
When my husband and I moved to Seattle in 2012, we only knew three people in the area. But we had a (data-driven) hunch we’d like the real estate fundamentals and benefit from the region’s growth. I’m grateful to report that in the years since, we’ve built careers and community, started a family, and put down roots.
Last book you read“Predictably Irrational” by Dan Ariely. Dan spoke at a TIGER 21 conference a few years ago, and I got to speak with him a bit then. I’ve followed him ever since, and it’s always refreshing to hear his explanations of how human nature eats our supposedly rational world for breakfast.
Favorite Place you have travelledMainland China
Five words to describe yourselfIndependent, resourceful, curious, expressive, and tall