This podcast episode features Adam Shapiro, managing partner of East Rock Capital, who shares his insights on the exclusive realm of family offices, the significant impact of immigration on the U.S. economy, and the importance of character in investment management. Adam highlights the advantages of investing in smaller funds, the qualities of successful investors, and the necessity for meaningful diversification while urging innovation in retail investing. He concludes with reflections on multi-generational wealth and encourages listeners to explore opportunities in large asset pool management, emphasizing the influence and future importance of this sector.