Q3 2023 Summary – Time Capital: The Ultimate Liquid Asset

In our first two quarterly write-ups this year, we explored on two familiar forms of family capital. Miguel López de Silanes Gómez addressed areas of focus for the financial capital of family enterprises in our Q1 Summary entitled From “Polycrisis” to “Polyopportunities”: Investment Highlights from FOX Members. In our Q2 Summary, Human Capital: Achieving a Balance, David Toth zeroed in on families’ human capital and the rising recognition of its importance among family leaders, family office professionals, and family wealth advisors.

This quarter, I want to introduce the concept of “time capital” – an idea the FOX team has recently been contemplating. Time is our most precious, finite, and versatile resource. Yet, it isn’t featured in the forms of capital frameworks and we don’t hear or read much about it. But that doesn’t mean we are not thinking about it and, more importantly, evolving how we spend it.