The Memo by Howard Marks cover image

The Rewind: Dare to Be Great

The Memo by Howard Marks

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The Key to a Successful Investment Committee

The key to successful committee efforts lies in sparks. Barton biggs suggests praising those who disagree with the trend, designating devil's advocates and holding second chance meetings where members can take another sceptical look at decisions the group has made. Professor jannis urges the leader to create an atmosphere that fosters intellectual suspicion amidst personal trust. Why don't investing institutions strive for unconventionality as often as they should when they don't dare to be great?

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