Fenton: Leaders Should Provide Information Rather Than Direct Advice
Joshua Fenton · CIO Transition – Roz Hewsenian and Joshua Fenton, Helmsley Trust (EP.401) · Aug 19, 2024 · at 53:44
Joshua Fenton, incoming CIO of the Helmsley Charitable Trust, discusses decision-making heuristics and mentorship during closing questions on Capital Allocators.
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“I think one thing that I've learned is that instead of giving advice, people respond better if you give them information, and so I guess that would be the thing that I would ever tell somebody is if someone comes to you for advice, don't tell them what to do. Help them get information that will let them decide on their own, because it's very hard to just Take someone's word and just do it, because you have biases that are built into your brain, and at some level, you already know what you're going to do, no matter what anyone else tells you, and so I think the only way you're really going to make a better decision is if you have more information than what you started with, and so I don't know if I was ever told that or just realized that, but I think that would be one of the most important things I would say that I've been told or learned is seek information, not advice.”
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