Wilson Sy, founder of Philequity Fund, is often called the “Warren Buffett of the Philippines.” With years of experience managing one of the country’s largest investment funds, Sy knows a thing or two about what makes businesses tick. And when it comes to family-owned companies, he’s a firm believer in their ability to outperform non-family businesses.
“Family-run businesses tend to deliver better returns,” Sy says. “I’d choose them over non-family-owned ones any day.”
So, why does Sy prefer family businesses? It comes down to commitment. Family members, he says, have a personal stake in the company’s success. “Their name is on the line. They will work their heart out because it’s something they will die for.” This deep-rooted commitment can’t be replicated by hired management teams, no matter how skilled they are.
Sy’s views were also shaped by his time on the board of Jollibee. “I noticed that management would always serve us Yumburger and Spaghetti for lunch — nothing fancy,” he recalls. “That’s when I realized: management doesn’t want to spend unnecessarily, which is crucial for long-term success.”
For Sy, this type of efficient, frugal mindset is typical of family-run companies, where leadership is more focused on sustainable growth than short-term profits. And that mindset leads to better performance and higher returns over time.
The takeaway:
For Wilson Sy, family businesses aren’t just about tradition — they’re about commitment and efficiency. When a family has skin in the game, their focus is on the long haul, and that’s often what makes the difference in delivering superior returns.
This article includes quotes from an interview originally published by Esquire Philippines, authored by Henry Ong.
