Klein: Exceptional managers are driven by production and contribution over consumption
Jason Klein · Jason Klein – Investing to Cure Cancer (Capital Allocators, EP.28) · Oct 9, 2017 · at 28:31
Jason Klein, CIO of Memorial Sloan Kettering Cancer Center, explains why exceptional investment managers continue working relentless hours despite extreme wealth.
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“I think the third one would be a, what I would sort of describe as productivity, meaning an interest in being productive. We find that there are people in this world, there are managers in this world that have, by any measure of success, certainly any measure of economic success, amassed a bank account that would enable them to do anything they wanted or nothing at all, and yet they still come to the office five days a week. Sorry, they're coming to their office seven days a week, wherever they are, because the office follows them these days meaning no matter where they are. So the, we're in a world where if you've got access, if you've got a smartphone with you, you're reading, you're doing, you're productive, and there are people that, that are, that have that passion with them, and it's a little bit different than the competitiveness. It's a passion towards productivity. It's a passion towards production, production of investment returns, production of contribution, It's a passion where they are really driven to produce rather than perhaps to consume.”
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