About this weekend: Tahoe and Hedge Fund Managers

If everyone’s doing it, don’t.

Total spent this weekend as a couple: $803.73

Soft diamond pillows. Snow flurries gently cascade from the blue sky. California mountain life at its finest. I slowly make my way through Squaw’s Valley village as I look for a cute coffee shop to get breakfast, and of course, a mimosa.

I stumble across a place called Coffee Bar and the design of the logo immediately draws me in. Apparently it also did that to others, because the line is twelve people deep. Worth the wait because the menu is exactly what I wanted.

Quinoa bowl with kale, eggs and avocado.

Mimosas.

I order a mimosa from the barista and two men behind me say, “Oh, a mimosa sounds great. Let’s get that too.” I giggle and turn around to say, “Aren’t mimosas amazing?”

The older gentleman, who looks to be in his seventies, smiles and says “It’s a fun way to start the morning.”

Little did I know that this mimosa encounter would lead to a profound conversation with a couple that were hedge fund pioneers.

Mimosa from Bite American Tapas in Incline Village.

Mimosa from Bite American Tapas in Incline Village.


Friday, March 22.

5:30a the alarm goes off. This is usually the time I wake up, but today it’s because me and Nick are leaving for Tahoe.

By 6a, all of our stuff is in the car and we head to Alpine Meadows.

We make one stop in this cute town called Auburn to grab coffee and a light snack (for Nick). I packed Kombucha, and wasn’t hungry, so I didn’t order anything.

Nick quickly downs his coffee and we get back on the road. I take a call from a TV producer that lasts about 30 minutes. We make fantastic time and reach Alpine Meadows around 9:30.

Money & Mimosas in Tahoe

I had briefly considered taking skiing lessons, and decide at the last minute to not take them. This is probably the eighth time I have promised Nick that I will learn how to ski and then don’t.

He probably stopped believing me six ski trips ago.

Instead, I did my favorite thing to do.

Grab a spot in the lodge, order food and a mimosa, and write in my notebook as I people watch.

Today’s writing was my weekly money date reflection.

As soon as I finished writing, Nick and our friend, Gunther, joined me at the table. After about 30 minutes, Gunther heads home. Nick, tired after a great day on the hill, also decides that we should head to our Airbnb.

After unpacking and resting, we head for a walk on the pier.

We’re staying in one of those cottage looking places.

We’re staying in one of those cottage looking places.

After our walk, we go to Bite American Tapas for our Friday night date night. All of our friends that live in Tahoe highly recommended this spot, and it definitely lived up to all the expectations. And then some.

  • We ordered a cheese plate. Easily the most delicious one I’ve ever had with crisp green apples, honey, fig, crostini, and a lovely assortment of cheeses.

  • Greek lamb tacos. With braised lamb, grilled lavash, roasted red pepper yogurt sauce, tomato, onion, cucumber, feta.

  • Shrimp and grits. Complete with sustainable domestic gulf shrimp, chorizo, roasted red peppers, pineapple, creamy tequila lime sauce, green chile cheese grits.

  • Nick ordered a maui coconut beer and I had a mimosa. Then we split this incredibly spicy delish cocktail called the El Camino. With Ancho Chile Infused Mezcal, Dry Orange Curacao, Ginger Liqueur, Pomegranate, Lime, Firewater Tincture. You HAVE to order this when you visit. YUM!

Total spent on Friday: $194.93 (breakfast, drinks at the Alpine Meadows Lodge, groceries from Safeway, and dinner + cocktails)


Saturday, March 23.

We leave our cottage around 9a and drive to Alpine Meadows.

Saturdays are for the toys.

Saturdays are for the toys.

Once there, I grab the free shuttle to Squaw Valley.

I stumble across a place called Coffee Bar and the design of the logo immediately draws me in. Apparently it did that for others too because the line is twelve people deep. Worth the wait because the menu is exactly what I wanted.

Quinoa bowl with kale, eggs and avocado.

Mimosas.

Money & Mimosas at Tahoe

I order a mimosa from the barista and two men behind me say, “Oh, a mimosa sounds great. Let’s get that too.” I giggle and turn around to say, “Aren’t mimosas amazing?”

The older gentleman, who looks to be in his seventies, smiles and says “It’s a fun way to start the morning.”

I nod in agreement and find a spot to sit.

My mimosa arrives. As I’m waiting for my meal, I see the gentleman (now with a woman), sitting at the table next to me.

With a glimmer in his eye he says, “You got the mimosa. Good for you.”

From there, the conversation beautifully unfolds to them sharing with me that they live in Florida during the winters, and split the rest of the year between their homes in New York, Antibes France (specifically Cotes d’Azur), and visiting their sons in Truckee and Sacramento, California.

They are both from the financial world. He (I’ll call him Bob) was one of the first hedge fund managers (he told me to Google him and a quick search confirmed this for me), and his wife was also from the financial industry. She is now an independent advisor acting as a family office to a few elite families.

Bob shares with me that he has two sons. His youngest, I met in the line, lives in Truckee. His oldest has cerebral palsy and is quadriplegic. However, as a forty-something year old he is still able to live independently.

I asked Bob how his son is able to do be independent.

“Money,” Bob answers flatly.

I appreciate his matter of factness and ask Bob to elaborate.

Basically, Bob invested on his son’s behalf beginning when he was an infant. Now his son is a very wealthy man and can afford all the health care and full-time support he needs in order to live as an independent adult. As a hedge fund manager, Bob was able to create wealth for his family so that they could live the life of their dreams.

“What would your financial advice be to a young professional like me? Who wants to live in multiple countries like you and your wife?”

Without skipping a beat, Bob answers:

  1. Network. Meet as many people as you can.

  2. Don’t be a homeowner, unless it really is that important to you. Stay nimble.

  3. If everyone is doing it, it’s probably the wrong thing to do. This country rewards the risk-takers. Take advantage of that.

I posed the same question to his wife, she answers:

  1. Stack cash.

We exchange email addresses and connect later via email. Amazing what ordering a mimosa can turn into…

Money & Mimosas at Tahoe

After I finish working at the cafe, I head to Uncorked. A delightful wine tasting room around the corner. The first flight I ordered included the J. Lassale Brut Champagne, Chenin Blanc Vouvray and the Red Car Chardonnay from Sonoma.

Money & Mimosas at Tahoe

Nick joins me soon after and we both enjoy a tasting.

Then we head home to rest and then go for a walk on the pier.

Money & Mimosas at Tahoe

After our walk, we have dinner at home. Yesterday we had bought roasted chicken and salad from Safeway.

Not wanting to call it a night, we decide to have a nightcap at Whitecaps. A pizza spot about a mile away. We walk there and order a couple of drinks. We run into a friend we met about a year ago at a brewery in Emeryville. We hadn’t seen each other since then! The woman follows me on Instagram and we chatted for a bit before walking back home.

Total spent on Saturday: $161.07 (breakfast, wine tasting, night cap)


Sunday, March 24.

Before heading back to the Bay, we meet up with Gunther and Jan for brunch. A couple we know from our Mammoth days.

They suggest that we got to the Old Post Office. A quaint brunch spot that used to be - you got it- a post office.

Money & Mimosas at Tahoe

Everyone orders mimosas!! Which made me so happy. Me and Nick each got a pineapple mimosa. Gunther orders a traditional mimosa with OJ, and Jan has a grapefruit mimosa.

Money & Mimosas at Tahoe

The food is SO GOOD. Next time you visit Tahoe, you have pay The Old Post Office cafe a visit.

Money & Mimosas at Tahoe

After brunch, we head back to the Bay. I’m home now. Writing and reflecting on our weekend.

Another successful weekend of connection, adventure and play with my best friend. So grateful.

Total spent on Sunday: $110.17 (brunch + gas for the car)

Total spent this weekend: $803.73 (includes Airbnb. Nick didn’t have to buy lift tickets because he bought a ski pass last year).


About Danetha: Danetha is a serial entrepreneur and manages a portfolio of companies as an investor and owner. She is known as the money mentor for ambitious women and been named a top 40 under 40 accounting professional by CPA Practice Advisor and a millennial entrepreneur to watch by the office of Congresswoman Barbara Lee.

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