34 min

S2 E6 - Creating a Culture of Responsibility with Richard Rooney The Inspire Podcast

    • Business

In today's episode of the Inspire Podcast, Bart Egnal speaks with Richard Rooney. Richard is the President and Chief Investment Officer at Burgundy Asset Management Ltd.

Listen in to learn how Burgundy has been able to create a culture of - responsibility with authority for its employees.

Here are some moments from the conversation:

Building a responsibility culture - 02:57.0
The human mind can't handle capital markets - 03:46.8
Most funds give people a place to hide - 04:06.3
Clarity around decision making - 04:26.3
Delegate responsibility AND authority - 04:35.8
Best investment people like to be generalists - 06:06.0
History of Burgundy - 09:13.1
How did the responsibility doctrine work when you first implemented it? - 10:06.4
Tech bubble -- big test - 11:27.1
Building the Burgundy team - 12:46.0
Concentrate on individual investments and shut out macro stuff - 14:53.3
Dealing with excessive information - 16:18.8
Keep it clear: understand the strategy - 16:47.5
Circle of competence - 17:43.6
Couldn't anticipate the extent of disruption in the economy from '95 till now - 18:01.2
Getting better at avoiding value traps - 20:27.6
Going against mainstream market thinking and sticking to it - 21:23.8
Create a counter-narrative to prevailing financial wisdom - 22:00.3
Communicating culture - 22:22.8
What do the best companies do - 23:08.0
The best companies have a good business at their core and they respect that - 23:29.4
"De-worse-ification" - 23:41.7
Companies that respect their core business - 23:53.7
Can a large company have a 'corporate culture'? - 24:06.6
Putting culture second to profitability - causes problems - 24:20.4
CEO's denying reality of changing market forces - 24:36.1
Tim Hortons - 25:21.4
Public shareholders create conflict of interest with clients - 25:48.3
Authenticity - 26:22.0
Impending retirement - 27:12.1
What guidance would you give around communication - 28:34.6
Advice to his successor around responsibility culture - 29:20.7
Be consistent when giving responsibility and decision making over - 29:56.2
Analyze mistakes - but applaud thoughtful failures - 31:20.6

In today's episode of the Inspire Podcast, Bart Egnal speaks with Richard Rooney. Richard is the President and Chief Investment Officer at Burgundy Asset Management Ltd.

Listen in to learn how Burgundy has been able to create a culture of - responsibility with authority for its employees.

Here are some moments from the conversation:

Building a responsibility culture - 02:57.0
The human mind can't handle capital markets - 03:46.8
Most funds give people a place to hide - 04:06.3
Clarity around decision making - 04:26.3
Delegate responsibility AND authority - 04:35.8
Best investment people like to be generalists - 06:06.0
History of Burgundy - 09:13.1
How did the responsibility doctrine work when you first implemented it? - 10:06.4
Tech bubble -- big test - 11:27.1
Building the Burgundy team - 12:46.0
Concentrate on individual investments and shut out macro stuff - 14:53.3
Dealing with excessive information - 16:18.8
Keep it clear: understand the strategy - 16:47.5
Circle of competence - 17:43.6
Couldn't anticipate the extent of disruption in the economy from '95 till now - 18:01.2
Getting better at avoiding value traps - 20:27.6
Going against mainstream market thinking and sticking to it - 21:23.8
Create a counter-narrative to prevailing financial wisdom - 22:00.3
Communicating culture - 22:22.8
What do the best companies do - 23:08.0
The best companies have a good business at their core and they respect that - 23:29.4
"De-worse-ification" - 23:41.7
Companies that respect their core business - 23:53.7
Can a large company have a 'corporate culture'? - 24:06.6
Putting culture second to profitability - causes problems - 24:20.4
CEO's denying reality of changing market forces - 24:36.1
Tim Hortons - 25:21.4
Public shareholders create conflict of interest with clients - 25:48.3
Authenticity - 26:22.0
Impending retirement - 27:12.1
What guidance would you give around communication - 28:34.6
Advice to his successor around responsibility culture - 29:20.7
Be consistent when giving responsibility and decision making over - 29:56.2
Analyze mistakes - but applaud thoughtful failures - 31:20.6

34 min

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