Jay Patel, a former Goldman Sachs investment banker, shares the operational and strategic advantages that his family office holds over traditional private equity. He details the creative, "street smart" tactics his family has used to build a generational empire of over 140 hotels, from flipping multi-million dollar hotel contracts to acquiring and revitalizing a national brand from Blackstone. Listeners will learn the specific deal structures, risk mitigation strategies, and core values that allow his family office to thrive in the competitive hospitality industry.Chapters:0:01 The Secret to Winning Isn't Hard Work1:08 Family Office vs. Private Equity: The Key Differences5:14 Investment Horizon, Capital Structure, and Risk Tolerance8:40 The Operational Edge of a Family Office10:25 The Dynamics of Working with Family13:09 Core Values: Hard Work and Education16:12 Jay's Story: From an Immigrant Family to Wall Street19:56 From "Wall Street" the Movie to a Career at GE25:21 Working 100-Hour Weeks at Goldman Sachs29:22 Competitive Edge: Why We Dominate the Hotel Market33:17 The Four-Story Interior Corridor Box: Our Ideal Investment38:37 The Immigrant Mentality in the Hotel Business42:05 How to Flip a Multi-Million Dollar Hotel Contract47:23 Street Smarts vs. Book Smarts in Business51:23 "Always Outsmart Someone, Never Screw Someone"53:56 How We Outsmarted Blackstone to Acquire a Hotel Brand1:00:52 Breakdown of a Creative Deal That Netted a $15M Profit

After handling over 500 deals worth billions, investment banker Peter Kubasek reveals how his father's heartbreaking business deal inspired his career. He breaks down how his team's 200-hour deep-dive analysis helped one client nearly double their company's valuation before an exit. Using a real-world example of a technology deal he orchestrated that now saves GE $1 billion a year, Peter shares how his faith is the secret foundation for navigating high-stakes deals and building a lasting legacy.01:25 His Father's Bad Deal03:37 The Sad Reality of the Sell Side in M&A05:55 The Simple Advice He Ignored07:40 The Four Pillars of a Perfect Exit09:07 Is Your Business Actually Working?10:55 Operate As If You're Exiting13:26 The #1 Thing Missing in Deals14:33 The World-Changing Tech Deal16:33 Hiring a CIA Operative to Do a Deal18:36 The Billion-Dollar Savings Proof20:13 Why Smart Buyers Pay More22:44 How To Change A Company's Culture26:26 Your Culture is What You DO27:23 The Hairdresser Confidentiality Test28:31 How They Almost Doubled Their Value31:45 The Root Of His Success33:42 Living Your Faith, Not Just Preaching37:54 The Daily Habit of a Billionaire Mentor40:47 The P&G Chairman's Kindness43:53 Where His Faith Began46:11 My "Faith-Filled" Bar Hop47:50 From Fire Escape to Lordship52:42 The Proverb That Changes Everything57:51 How He Wants To Be Remembered

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