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How TCW's Koch Rebuilt After Losing Home in LA Wildfire
Bloomberg
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3 months ago
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00:00
You moved to Los Angeles, you rent a home, and it burns down in the LA fire.
00:05
Did you get anything out of your house?
00:07
Just my husband and the kids, and he got his golf clubs.
00:11
That was it. Everything else we kind of lost.
00:13
A lot of people obviously lost homes, tens of thousands of people.
00:17
At TCW, I was one of five people that lost their home or were displaced.
00:23
When it first happened, I actually, I'm not proud of this,
00:26
but my instinct was I wanted to run away with my kids.
00:30
I wanted to protect them because not only did they lose their home,
00:33
they lost the community, and it was just such a hard thing for them to have to face.
00:37
And my husband is actually, he's a veteran who's been through many wars,
00:42
and he had a very different approach, which was the right one, which is, this is life.
00:46
Like, bad things happen to good people.
00:48
Life is not a chart that goes up and to the right all the time,
00:51
and our kids need to face this and work through it.
00:54
And so we did stay, and I think it built a lot of resilience for them
01:00
to have to work through that situation.
01:02
And also, it gave them the greatest gift I think he gave a parent to a child,
01:07
which is we didn't sort out the problem for them,
01:09
so we gave them the gift of agency.
01:11
As I said, a number of people at TCW also lost their homes.
01:14
None of us missed a day for our clients.
01:16
We had to show up for our clients, show up for our families and communities.
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