meta_pixel
Tapesearch Logo
Log in
So Money with Farnoosh Torabi

1988: How Great Companies — and Families — Stand the Test of Time

So Money with Farnoosh Torabi

Farnoosh Torabi

Business, Entrepreneurship

4.72K Ratings

🗓️ 27 May 2026

⏱️ 38 minutes

🧾️ Download transcript

Summary

What if the most important inheritance you leave your family has nothing to do with money?


Not stocks. Not real estate. Not a trust fund.


But instead, a written record of your values, your hard-earned lessons, your family stories, your regrets, your hopes — the wisdom you want future generations to carry forward.


Today’s guest, Eric Becker, calls this an “ethical will.” He originally wrote one for his children years ago, never imagining that after the devastating loss of his daughter Kara, he would one day rediscover the document and find that it would help guide him through grief and back to himself.


Eric is the Founder and Co-Chairman of Cresset Family Office & Private Wealth Management, a multi-family office overseeing more than $237 billion in assets under management and advisement. Before that, he co-founded Sterling Partners, the private equity firm that raised more than $5 billion across eight funds, and throughout his career has advised founders, entrepreneurs, and ultra-high-net-worth families on how to build businesses — and lives — that endure.


His bestselling book and new podcast, The Long Game, explore exactly that: what separates companies, families, and leaders who survive for generations from those that disappear.


In this conversation, we talk about the hidden traits of enduring companies, why culture matters more than most founders realize, how to recognize “moments of truth” in business and life, and why one of the most powerful questions you can ask yourself is: “What am I tolerating that I shouldn’t be?”


We also get into stoic philosophy, parenting, family meetings, AI, investing for the long term, and the surprising parallels between building a resilient company and building a meaningful life.

Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open!


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey friends, if you've been sitting on a book idea and wondering, could this actually become something,

0:05.2

this is your moment. Join me in New York City on October 9th for book to brand. This is my intimate

0:10.6

full day immersive designed to help you turn your idea into a clear, compelling, pitch-ready book

0:16.0

concept. You will meet the insiders, agents, publishers, and recent authors who can help bring your book to life.

0:23.3

Spots are limited and early birth tickets are on sale now.

0:26.9

Head to booktobrand.co to reserve your spot.

0:30.3

So Money episode 1988, how great companies and families stand the test of time.

0:37.5

You're listening to So Money with award-winning money guru Farnush Karabi.

0:42.4

Each day, get a 30-minute dose of financial inspiration from the world's top business minds,

0:47.7

authors, influencers, and from Farnoose yourself.

0:51.7

Looking for ways to save on gas or double your double coupons? Sorry, you're in

0:56.7

the wrong place. Seeking profound ways to live a richer, happier life. Welcome to So Money.

1:04.0

I at first thought I was reading about a different person, like this shocking event that had

1:09.3

happened in my life and in our family's

1:11.1

life had turned things upside down to a point where I just was lost. And now I'm reading this

1:17.3

and at a certain point I'm halfway through it and I'm going, I know that guy. I know that guy.

1:21.8

That was me who wrote this. And gosh, here I wrote this thinking it was for future generations.

1:28.7

I never showed it to our kids.

1:30.7

I was so sad that I'd never showed it to Kara.

1:33.8

And now I needed it.

1:36.7

And I found it as a way of defining these milestones of life

1:42.2

and finding my way back.

...

Transcript will be available on the free plan in 16 days. Upgrade to see the full transcript now.

Disclaimer: The podcast and artwork embedded on this page are from Farnoosh Torabi, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Farnoosh Torabi and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.