How a Midwest Family Office Weighs Oil and Emerging Technology
At a Family Office Club investor mandate interview, Richard C. Wilson speaks with an active investing member of a Midwest single-family office.
Richard C. Wilson introduces an active investor from a single-family office whose family has worked in oil. The guest describes how the office considers its investment mandate across oil interests, emerging technology, public equities, cannabis retail and entertainment.
In this video: Richard C. Wilson (Interviewer and Family Office Club host), Family office member (Active investing family member at a single-family office)
What they said
- Carbon nanotube investment. The guest says his family office put about a million dollars into a carbon nanotube company. He describes the material as seven times stronger than steel, but says the technology was too far out to meet his growth needs. (at 4:36)
- Oil lease outlook. The guest predicted leases bought then could be worth four times as much if oil prices rose. He pointed to inherited mineral interests whose owners may not know what to do with them. (at 14:41)
- Wholesale cannabis. The guest said his dispensary business made him see wholesale as a market to address. He described B2B as bigger than B2C in medical markets. (at 16:04)
- Retail build-out savings. The guest said his dispensary development company takes over leases and uses existing build-outs. He said this saves about seventy five thousand dollars per location. (at 8:53)
In their words
"I want my own identity I'm living in the shadow of giants"
"we've got our Emmys sitting in the next room"
Why it matters if you are building or preserving great wealth
The family office could not fund his cannabis venture, but its name helped bring other banks to the table.
From Richard's exclusive Billionaires.com interviews
Lessons from Richard C. Wilson's one-on-one interviews, as published on each interview page.
- Anu Aga: Focus on one main cause. Her family found its giving more satisfying and impactful once it chose primary education for the underprivileged in India.
- Binod K. Chaudhary: Never chase a deal out of desperation. Stay cool and look at every part of the deal. Have your advisers and your finance team review it critically. Your counsel should review it too.
- Larry Connor: Learn from every mistake. Larry's team owns its failures and makes no excuses. They learn, change quickly, and keep getting better.
See the data
Frequently asked questions
What did the guest say about the family's restaurant business?
He said the family had a chain called Pioneer Pies with about 30 locations and planned to expand, but it did not work out.
Where had the family opened cannabis stores?
The guest said it had opened a flagship store in Oklahoma City and another in Tulsa, and was preparing a drive-through-only location.
Sources
Quotes are copied from the video captions and checked against the transcript. Timestamps link to the moment in the video. General information only, not legal, tax or investment advice.