Salem: Part-time consensus committees are the worst environment for investment decision-making
David Salem · David Salem - Investment Wisdom from the Owner's Box (EP.409) · Sep 30, 2024 · at 57:05
Institutional investing veteran David Salem discusses the structural flaws inherent in traditional institutional investment committees with Ted Seides.
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“Logically, they meet on a part-time basis in an environment where consensus comes first. That is the worst possible environment for investment decision-making, bar none.”
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