Today’s guest, Ron Diamond, founded and sold a successful hedge fund. Now he is running one of the largest family office syndications in the entire world.

He exposes how Family Offices now control over $10 trillion in capital, and why they’re quietly investing in solutions to problems the government can’t fix.

He explains how unlike Wall Street, the heirs of these families want to play the long game and invest with purpose.

Does this mean the end for traditional private equity and venture capital firms?

Will this $124 Trillion Wealth Transfer be the one that means the end for Wall Street?

How are the most wealthy families in the world investing their money in 2025 and beyond?

In this interview, Ron Diamond breaks down how it all works.

00:00 Intro + Context

01:55 Family Offices Defined

03:20 The Rise of Family Offices

05:03 The $124 Trillion Wealth Transfer Crisis

06:37 Foundations vs. Families

08:10 Long-Term Capital

10:12 Mission Before Money

12:34 The Problem With Traditional PE

14:09 Why Patient Capital Always Wins

16:15 Ron’s Investment Rules

18:00 Avoiding Ego Deals

19:25 Generational Wealth Risk

21:03 Family Governance Breakdown

23:08 Why Families Fail

24:44 How to Structure a Family Office

26:12 Defining True Wealth

28:10 Why Family Offices Will Poach PE Talent

31:14 $1B Philanthropy Moves

33:00 Sergey Brin and his $1B Donation

35:04 PE vs. Family Capital

37:20 New Capital Mindset

39:48 Generational Thinking Gap

42:30 Fixing The Future

44:26 Closing Thoughts