Decision-Making Framework
Doug shares the meticulous process behind hiring decisions, emphasizing the importance of a comprehensive memorandum that includes potential risks. He highlights the trust built with the investment committee, which allows for effective governance and decision-making. The concept of "prospective hindsight" plays a crucial role in evaluating past decisions to inform future investments, ensuring that lessons learned are integrated into their strategy.In this clip
From this podcast
Capital Allocators – Inside the Institutional Investment Industry
Doug Phillips – Middle of the Fairway at the University of Rochester (Capital Allocators, EP.123)
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