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Goal congruence and fiduciary responsibility

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This is the investment tenet that will never change. Very simply, if you do not have goal congruence in an investment or with an investment manager nothing else matters. If a management team or investment manager causes you to question his or her integrity as a fiduciary of your capital, you should investigate your concerns, and if they are not completely alleviated simply move onto other opportunities. The rest of the investment decision process means nothing without trust in the people and numbers you are analyzing. The great thing about the investment industry, in general, is that there are many, many opportunities.

Active Investing in the Age of Disruption

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