Investment Leadership and Portfolio Management Quotes

“Leaders nourish and uphold the culture of an organization. They make choices that inevitably limit the size and scope of activities that the organization undertakes. A good leader will only work in a firm where there is clear and effective governance to protect the culture, philosophy and investment discipline of the firm. The most effective leaders create a non-hierarchical environment in which idea sharing is encouraged, and diligent execution is rewarded. They also establish a solid foundation, a durable framework, and processes for successfully managing an organization that can maintain these qualities. And last, a great investment leader has a zero tolerance policy for breaches of integrity. By integrity, we mean not only honesty and fulfillment of fiduciary obligation, but process integrity.”
― Brian Singer, Investment Leadership and Portfolio Management: The Path to Successful Stewardship for Investment Firms

“Ethics is knowing the difference between what you have a right to do, and what is the right thing to do. —Potter Stewart, U.S. Supreme Court Justice”
― Brian Singer, Investment Leadership and Portfolio Management: The Path to Successful Stewardship for Investment Firms

“as human beings we tend to construct and confirm our own realities. As a result, adding information to our analyses does little to improve our decision making. New information in support of our pre-existing ideas is usually welcomed while nonsupportive information is excused. Adopting tools, techniques, or specific processes to avoid these biases will help to improve the consistency and quality of our investment results.”
― Brian Singer, Investment Leadership and Portfolio Management: The Path to Successful Stewardship for Investment Firms

“the most successful firms share five consistent characteristics. 1. Strong culture 2. Limited size and complexity 3. Clear governance of the business and investment functions 4. First-rate (but non-hierarchical) investment leadership 5. Integrity”
― Brian Singer, Investment Leadership and Portfolio Management: The Path to Successful Stewardship for Investment Firms