Lessons on Grand Strategy Applied to Investing

"Lessons on Grand Strategy Applied to Investing"

Original Article by Charles Ellis of the CFA Institute

"Grand Strategy, whereby all aspects of a nation’s strength—military, economic, political, cultural, and organizational—are combined into an over - all, long-term program to advance the nation’s major interests, has important lessons for all leaders of investment management organizations. For long-term success, such leaders need a coherent, integrated combination of an inspiring purpose or mission and superior recruiting and training of investment managers and professional managers who will excel in information technology, trading, risk controls, efficient and effective support operations, business development, customer service, and both research and portfolio management."

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