Every company needs a purpose beyond profit. Without a sense of purpose, no company, either public or private, can achieve its full potential.
We focus on what we can control — the quality of our analysis, our risk management, our client relationships — and let the markets do what they will.
Capitalism has the power to shape society and act as a powerful catalyst for change. But businesses that do not focus on making a positive contribution to society will ultimately lose the license to operate.
Markets like clarity. They hate uncertainty. And right now, we have more uncertainty than I have seen in my 40 years in financial markets.
The democratization of investing — making high-quality, low-cost investing available to everyone — is one of the most important financial developments of my lifetime.