Unpleasant behavior increases moving down the financial services value chain
Kip McDaniel · Kip McDaniel – CIO Whisperer (Capital Allocators, EP.20) · Aug 7, 2017 · at 27:38
Kip McDaniel, Chief Content Officer at Institutional Investor, describes his rule of thumb regarding interpersonal behavior across sectors of the finance industry.
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“You know, the further down the value chain you get in asset management, in my view, sort of, not asset management, financial services. You have asset allocators on the end. They're the nicest group. And then within that group, probably corporate funds are the nicest people in that group. Then you have consultants. Then you have asset managers. And then you have, you know, quote, unquote, Wall Street, the service providers and banks. The further down that chain you go, I find the eight hole quotient goes up. That's the only general rule I can pull from it.”
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