This week's Unlimited Partner is Heather Loomis Tighe a Venture Capital Advisor and Partner and Strategic Advisor to Family Offices. She has made quite the name for herself in the fixed income world over the past 20 years. From Blackrock (Head of West coast institutional family offices), JP Morgan Chase (fixed income manager overseeing a portfolio of $13B), she has a plethora of knowledge which she was willing to share with us.
I am your host, Thomas McGannon.
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[0:02:48] Thomas McGannon: We're talking about ways of viewing situations with a different lens. We were texting yesterday and I said like, yeah, this question is about alternative assets in my mind. Like they're not really alternative assets, They're just different ways to count us dollars. So what I want, what I want to learn more about is non financial assets that you think are important that have a way of finding their way onto a balance sheet into an income statement.
[0:03:15] Heather Loomis Tighe: Yeah, when you asked me this question was very impressed because these things have long been discarded as separate and distinct from an investment process or a wealth creation process, but they have a way of finding themselves into into center stage, sometimes in a very abrupt fashion. But coming from my perspective, I've been an environmentalist since, as long as I can remember three years old, five years old and that's continued into my adult life. And so I think some of the things which we are going to be confronting into the future and unfortunately are confronting today are things like the air quality we breathe. We recently made a move from San Francisco to Jackson Hole Wyoming. And part of the reason was that we spent probably upwards of 20 days over the past five years with air quality that was not safe to breathe. You know, one day the sky was black until 12 o'clock in the afternoon and these types of things which we don't necessarily put an econ value on now are going to start really finding their way into our lives and it creates a disruption. You can't, you can no longer work in the same place, live in the same place, send your kids to school in the same place. So things like air access to clean water, oddly enough, it's happening all across America, you thought these were problems which were really isolated to more developing nations, but here we are with vast swaths of our population facing these issues every day. I think that the environmental issues are going to come into play in a very real way, uh, soon if they're not already happening.
And then of course, I think the things that we don't, we don't necessarily put enough value on is the impact of community. If you think about something which is a big economic driver, like your business, your career, your ability to make sound decisions that is predicated upon you being in a sound mental state with ability to bounce ideas off of people with the ability to feel confident. If you don't feel confident, if you don't, I feel good about an investment decision, you will have such weak holding power on that. It will really impair your returns. And so I think establishing yourself in a place where environmentally you are healthy and we're socially, you're healthy. Whether that be your family unit, whether that be your friend unit, whether that be your broader community are really paramount. And I don't think that until those things are solidified that you have a real chance of creating some longevity in the future return stream.