TIGER 21 CONCLUDES 2015 ANNUAL CONFERENCE
Dozens of Presenters, Hundreds of Attendees, Countless Ideas and Opportunities
New York (February 27, 2015) ‚Äì TIGER 21, the premier learning group for high-net-worth investors, concluded its 5th Annual Members Conference this past week at The Breakers in Palm Beach, Florida. Some of the world’s leading thinkers on finance and investment, philanthropy, health and lifestyle gave presentations to the more than 500 people in attendance, including TIGER 21 Members and their families.
The Annual Conference has become an important component of the TIGER 21 experience. Members from all 18 North American cities with a TIGER 21 presence convened in Palm Beach to hear insightful presentations on matters affecting their financial assets, personal health, and family relationships. The conference featured a Thursday luncheon Q&A session with former Governor of Florida Jeb Bush, moderated by Greta Van Susteren of Fox News.
During the course of the three-day event, TIGER 21 Members had the opportunity to hear from more than three dozen presenters. Some of the presentations were about direct investment opportunities, others focused on issues impacting the global markets, while still others examined non-financial issues related to wealth.
Some of the insightful comments included:
Co-founder of Rosling Education AB Hans Rosling, who has become renowned for his use of data to explain world events, discussed the impact of health, education and money on population trends:
- “The number of children in the world has stopped increasing. This is the biggest event in the history of mankind that was ever completely missed by millions in the last 5 to 10 years.”
- “In the United States, as income improved, as life improved, children survived, women decided to have fewer and fewer children. Now it is a quite stable demographic situation ‚Äì which may be one of the main assets of this nation and may be one of the reasons for the now better economic growth in the United States than in Europe.”
- “The big shift is in population to urban areas. The number of people in rural areas has stopped increasing.”
Stephen Ross, Chairman and Founder of Related Companies:
- “You have to be on the ground and understanding the markets.”
- Ross stressed that the cities where Related develops show the most promise (the company has offices and major developments in New York, Boston, Chicago, Los Angeles, San Francisco, South Florida, Abu Dhabi, S√£o Paulo and Shanghai), but they are also the most difficult cities to develop in. “The best opportunities are where it is difficult to develop.”
- On Hudson Yards, “the center of New York is Rockefeller Center, but that is now shifting west.” On the monumental sculpture that will adorn the public square of Hudson Yards. “We are putting in what will be a 365-day-a-year Rockefeller Christmas Tree. Hudson Yards will become the new heart of New York City.”
Paul McCulley, the former Chief Economist and Managing Director of PIMCO:
- “The global economy is looking as a whole not particularly a bad place ‚Äì especially in light of predictions just 5 to 6 years ago. It is a multi-speed economy with the United States at the top of the heap.”
- “It is a great time to be a seller of real estate. The huge revaluation of real estate and the cap-rate decline is over. Real estate is simply a rich, low-yielding asset now.”
- “The US dollar is my number one investment idea. From the standpoint of the opportunistic portion of a portfolio, where you are trying to actually make some serious money don’t look at the United States ‚Äì with one exception. Wherever you invest in the world, you want to hedge the currency back into United States dollars. I am an absolute bull on our currency.”
Jay Walker, Curator of TEDMED and an entrepreneur who focuses on using digital networks to create new business systems, including Priceline.com. In talking about the forces that will reshape the global economy:
- “The world will change more in the next 20 years than it has changed in the last 20,000 years when it comes to health and medicine.”
- “We are entering the age of biology. An age where computer science and computer technology and industrialization from the last century, which was largely not about us, is about to become all about us.”
James Grubman, internationally recognized wealth psychologist, on understanding family wealth across generations:
- “Adjusting to wealth represents a major cultural change for a family whose roots are in the middle class.”
- “Family communicationis fundamental to the adaptation of the family and the adjustment of its members. Family meetings may be the most important vehicle for accomplishing the myriad things needed in that adjustment process.”
Jeffrey Currie, Global Head of Commodity Research at Goldman Sachs & Company.
- “To argue that shale is not going to be an integral part of this industry at least for the next 10 to 15 years is underestimating what the engineers have already done and what they are capable of doing on a forward going basis.”
- “Shale has fundamentally changed the market. The lead time between when you put money in the ground and when you get production has collapsed from anywhere from 3 to 4 years all the way down to 30 days.”
Another highlight session included a panel discussion on making an impact with philanthropy with former NBA all star player Dikembe Mutombo, who has become equally renowned for his philanthropic work; Patty Stonesifer, President and CEO of Martha’s Table, who is the former co-chair and chief executive officer of the Bill and Melinda Gates Foundation; and Jacquelline Fuller, Director of Google.org, and formerly part of the senior management team of the Bill and Melinda Gates Foundation.
At the start of the conference’s second day, select TIGER 21 Members presented their own investment ideas and opportunities to their fellow Members. Overall a dozen topics were presented with heavy interest expressed in MLPs, angel investing, real estate, and biotech.
Technology visionary Nicholas Negroponte, Founder of One Laptop Per Child and Co-founder of the MIT Media Lab, was the featured speaker for the second day’s dinner presentation. His talk focused on the future of technology and how it will be influenced by creative users.
“Each year we are able to attract world class presenters to the conference and this year’s lineup was especially outstanding. Whether the topic was related to finance or lifestyle, the speakers were compelling and thought provoking,” said Michael Sonnenfeldt, Founder and Chairman of TIGER 21. “In addition, our Members became active participants in the various sessions throughout the three days, at times asking questions, moderating panels, or even leading their own discussion. It would be hard to find a similar overall experience that the TIGER 21 conference creates.”
Conference speakers included:
Investment presentations were given by Professor Hans Rosling, CoFounder of Rosling Education AB; Stephen Ross, Chairman and Founder of Related Companies; Paul McCulley, former Managing Director, Chief Economist and Member of the PIMCO Investment Committee; James Harmon, Chairman and CIO of Caravel Management; Nicolas Rohatyn, CEO and CIO of The Rohatyn Group; Jeffrey Currie, Global Head of Commodity Research at Goldman Sachs & Co; Dr. Gal Luft, Co-Director of the Institute for the Analysis of Global Security; and Neil Howe, Founder and President of Saeculum Research.
Health and lifestyle presentations were given by Jay Walker, Chairman of TEDMED; Peter Attia, MD, President and Co-founder of the Nutrition Science Initiative; Richard Isaacson, MD, of Weill Cornell Medical College and New York Presbyterian Hospital; Gus Castellanos, MD; Dan Carlin, MD CEO and Founder of WorldClinic; James Grubman, Ph.D., Founder of Family Wealth Consulting; and Brooke Berlin, Vice President of Quintess.
About TIGER 21:
TIGER 21 (The Investment Group for Enhanced Results in the 21st Century) is North America’s premier peer-to-peer learning network for high-net-worth investors. TIGER 21’s over 300 Members collectively manage more than $30 billion in total assets and are entrepreneurs, inventors and top executives. TIGER 21 focuses on improving investment acumen as well as exploring common issues of wealth preservation, estate planning and family dynamics beyond finance. Founded in 1999, TIGER 21 is headquartered in New York City and has groups in Atlanta, Austin, Boston, Chicago, Dallas, Los Angeles, Miami, New York, Palm Beach, San Diego, San Francisco, Seattle, Tysons Corner, VA, and Washington, DC as well as Canadian groups in Calgary, Montreal, Toronto, and Vancouver. More information can be found at www.tiger21.com.