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Formerly Guiding Assets, Enterprising Investor is the flagship podcast of CFA Institute and the definitive program for the investment management industry. As stewards of the investment industry, Guiding Assets will feature intimate conversations with some of the most influential people from the world of finance about the topics that matter most to investment professionals. The show will also share crucial insights and best practices to help guide investors to make smart, ethical decisions. Enterprising Investor will continue to help build a better world for investors.

Host: Mike Wallberg, CFA

Producer: Mitchell Forst 

Dec 30, 2020

Investing Lessons from Warren Buffett to the Great Literary Detectiv
Episode #443. Robert G. Hagstrom, CFA, senior portfolio manager at EquityCompass and author of the New York Times bestseller "The Warren Buffett Way," discusses his writing process, managing high active share portfolios, and hiring and firing portfolio managers.
Episode transcript: 
Topics discussed:
• 2:23 – How did you into the money management world?
• 3:33 – Writing career
• 6:13 – The writing process 
• 7:31 – A few highlights from the new book 
• 9:05 – What can investors learn from great literary detectives?
• 10:41 – The challenges of managing high active share portfolios 
• 13:51 – How can investors who are selecting active equity manager maximize their odds for success?
• 16:21 – How do you ensure that each day you become smarter and what roll does creativity play in your process?
• 18:32: - Books that you find yourself returning to or recommending?
• 20:33 – Luck vs. skill
• 23:40 – What do you think separates the best from the average investor?
• 24:30 – Wrap up questions
Related articles and links:
Enterprising Investor, Liberal Arts Investing: 
Enterprising Investor, Hiring and Firing Portfolio Managers: Process and Outcomes: 
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