June 15, 2026

In the News

Birchwood Capital: Victor Haghani on Why Wealth Doesn’t Last: Lessons from The Missing Billionaires

What happens to great fortunes over generations—and why do so few billionaire families stay wealthy? In this episode, former Long-Term Capital Management co-founder Victor Haghani shares lessons from his book The Missing Billionaires, revealing why wealth preservation is harder than most people realize.

Learn about investing, risk management, diversification, intergenerational wealth planning, market crashes, tax-efficient investing, direct indexing, and why Victor invests his own family’s money in low-cost index funds. If you’re interested in family wealth, financial independence, investing, and preserving wealth across generations, this conversation is packed with practical insights.

You can also listen to the full episode on Apple Podcasts or Spotify.

Video courtesy of Birchwood Capital.

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