enduring relationships

Resilient Parents, Resilient Wallets?

photo shows two silhouetted individuals

You’ve heard us talk before about the long run. We are all about the long run at 228 Main! Goals with their longest reasonable time horizon benefit from the space to flourish, in our opinion.

The way we and our families weather challenges might say something about our resilience—the capacity for “getting back up again.”

In fact, some research suggests that approaches to parenting may be related to future financial benefits for families and communities. It seems life costs more later for children who don’t have a chance to learn resilience.

How can parents help? The research suggests that the factors that matter most are how parents respond to their children and how parents set expectations and make demands. Together, these two forces help people learn and grow in a safe way.

Consider relationships you’ve witnessed in your life. Maybe you’ve met folks who “had every advantage” but were never challenged as children, or maybe people who had demands put on them as children but didn’t receive the feedback to feel safe enough to stretch themselves.

It turns out “sensitivity”—that is, responsiveness—in relationships can contribute to a person’s sense of stability. No matter one’s financial standing, a sense of stability can have impacts on our financial success: we may make very different decisions when we feel less confident about the future.

We don’t choose our first families, but I have a feeling we can help each other develop resilience at any point. Clear feedback and meaningful expectations? They may be tools to stronger relationships—and more resilient wallets.

Clients, we’re here for the long haul. Thank you for joining us.

Call or write, any time.


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Enduring Value

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We think a lot about how to make things last. It is a key concept for your assets, our relationships, and the securities in which we invest.

But our enterprise here at 228 Main has to endure so we may continue to be of service. We therefore work diligently on its sustainability.

Thinker Morgan Housel wrote about the sources of sustainability in business. Relative to the competition, these attributes provide an enduring competitive advantage:

1. Learn faster.

2. Empathize more with your customers.

3. Communicate more effectively.

4. Be more patient.

These things resonated with us because they represent much of what we strive for. Patience is a prerequisite of successful investing. It is free, but not easy to practice. It also is what lets us be content to work with you at your pace, on your schedule, since we are talking about your money.

You know by now how highly we value effective communication! Listening to you and talking to you in various ways is one of our three core activities. We put a lot of effort into it.

Empathy—understanding what you are going through, where you want to go—is perhaps the key to being able to meet your needs.

We are surprised at how much we are still learning after so many years of experience. In this rapidly changing world, continuous learning is required in order to be able to survive and thrive.

Clients, we are not claiming perfection in any of this. But we are mindful of the things we must do in order to be a reliable partner for you through the years. If you would like to talk about this or anything else, please email us or call.