Conventional Wisdom Trumps Unconventional Success

In investment management, aligning with benchmark indices can be a rational strategy to minimize risk and retain assets, especially in volatile markets. This approach reflects a significant concern for career risk, suggesting that failing in a conventional manner is often more acceptable than succeeding through unconventional means. Furthermore, successful investors recognize that having the right clients is crucial, as compatible client objectives enable a more effective execution of investment processes, potentially leading to long-term success.