Family Office Podcast: Billionaire & Centimillionaire Interviews & Investor Club Insights

Centimillionaire Fireside Chat: Top 7 Mistakes Investors Make + 5 Things Only the Ultra-Wealthy Do | Paul Karger

Paul Karger, Twin Focus and Richard C. Wilson, Family Office Club

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What separates a $10M investor from a $100M+ centimillionaire?

And why do so many high-income entrepreneurs lose momentum after liquidity — while others quietly compound into multi-generational wealth?

In this powerful fireside chat, I sit down with Paul Karger, Partner at Twin Focus Capital, a $12B multi-family office serving clients with an average net worth of $150M–$200M+.

In the last year alone, Paul and his team brought in over $2B in new AUM — without chasing trends, running crowded trades, or playing the commoditized wealth management game.

Instead, they focus on something different.

In this episode, we break down:

🚨 The Top 7 Mistakes Investors Make

• Overpaying for commoditized wealth management
• Getting stuck in crowded trades and “long lines”
• Confusing money with wealth
• Hiring advisors who can’t solve real-life complexity
• Failing to diversify risk beyond one asset class
• Choosing strategy over people
• Waiting too long to professionalize their family office structure

💡 The 5 Things Only the Ultra-Wealthy Do

• Make decisions quickly — and don’t look back
• Protect their time and operate at highest and best use
• Build deep, durable relationships
• Play defense first: “Stay rich” > “Get rich”
• Focus on risk management as a daily discipline

Paul also shares:

Why wealth management is becoming commoditized — and how real family offices create value

How to “pay for yourself immediately” by renegotiating legacy fee structures

The mindset shift from $50M to $500M

Why authenticity builds faster trust than corporate polish

How to build relationships with billion-dollar multi-family offices

Why the next bubble may already be forming in AI

Why diversification of risk matters more than diversification of assets

If you are a founder, investor, or family office executive operating at scale — this conversation is about playing the long game.

Because once you’ve built wealth…

The only real objective left is keeping it.

No hype. No trend chasing. Just real-world insights from someone managing $12B for centimillionaires and billionaires.

https://familyoffices.com/