• How can I invest in your dream, my child?

    A colleague of mine, a consultant at UBS, asked me if I apply everything I recommend to my clients in my own family. While mulling this over, I began reading the new book written by my friend, James Hughes, "The Voice of the Rising Generation", and in it, I found the answer to my colleague's question. ...

  • Wanted:  A Cross to Bear

    I have subscribed to a gym for over twenty years now, and in the past few years, I've added a weekly spinning class to my regular workout. The teacher is great, the workout is tough, and the results are definitely evident. But still, I HATE spinning! Why? Because I find it really hard. In almost every lesson I find myself wondering what will be over first, the class or my life. So far, thank god, the class has come to an end first, but you can never tell… ...

  • The Cycle of the Gift

      "The Cycle of the Gift" by James E. Hughes Jr., Susan E. Massenzio and Keith Whitaker, published by Wiley & sons. Introduction to the Hebrew edition In Israel, wealth is relatively new. I assume that most readers of this book were raised on the expression, "If I were a rich man", said in empathy for Shalom Aleichem's Tevye the Dairyman, a poor man. ...

  • Dr. Tamar Milo – introduction to my writings

      I'm a native of Kvutzat Yavne, a kibbutz located in central Israel. Today I live in the town of Binyamina with my significant other, Hillel Milo. We have three children and two grandchildren. I am one of the consultants who developed the family business field in Israel, and this is what I've been doing for almost twenty years now. Dorot, the consultancy firm I established, accompanies families that own assets and businesses, in Israel and other countries, and advises them on issues such as succession planning and implementation, drafting the family charter, decision-making on the future of the business, and establishing a family council. ...

  • Buying a home as an exercise in responsible ownership

      A few months ago, my 27 year-old daughter told me that she was tired of living in rented apartments with random roommates, and that she wanted to buy an apartment of her own. After the initial shock I embarked on a lecture about home ownership (like any other ownership) being a profession and that as such, it required knowledge and experience. ...

  • Recipe for a family vacation

      Vacations are a great time to take a fresh look at everyday matters. Someone once told me that when the late Eli Hurvitz, founder of Teva Pharmaceutical Industries, returned from his summer vacation each year he would launch far-reaching initiatives in the company. The whole organization would prepare for the changes and implement them throughout the year, and the next summer Eli would go on holiday, and the cycle would begin again… ...

  • Peer forum: Why and What For?

      In September 2015 I published a post on this blog, entitled "Family Regeneration", in which I mentioned that we were about to open two groups for next generation members in family owned businesses that would meet during the year to discuss and shed light on issues that are unique to them as successor generation members. ...

  • The beating heart of Denali National Park and Preserve

    So who's the boss? And why was I thinking about the added value delivered by a business owner in the snows of Alaska, of all places? As I wrote in my post in early September, my trip to Alaska inspired me to resume my blog. This time, I'm writing about the insight that evolved among the mountains, icebergs, bears and wild berries. ...