The Diligent Observer Podcast Episode 17: "Your Board Can Make or Break the Company" | Curtis Feeny on Governance, Market Cycles, and the "Say Yes" Career
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Nov 12, 2024 Curtis Feeney, Senior Advisor at Peterson Partners, shares his remarkable journey from managing Stanford's endowment to serving on numerous boards. He discusses the shift in mindset required in long-term investing versus short-term profits. Curtis emphasizes that downturns can enhance decision-making and prevent bad habits. He also reveals how advisory board positions are often earned through genuine contributions, showcasing the importance of a 'give first' mentality for professional growth.
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The Lawn Mowing Business
- Curtis Feeny's father, a WWII vet, gave him and his brother seed money to start a lawn-mowing business.
- They faced challenges like inconsistent work and competition, mirroring venture capital dynamics.
Say Yes to Opportunities
- Say yes to opportunities, even if you don't have all the answers.
- Focus on the quality of people and growth potential, not just title or location.
Nonprofit vs. For-Profit
- Nonprofits and for-profits operate on different timelines; nonprofits focus on long-term sustainability, not short-term gains.
- This difference affects decision-making and organizational longevity.
