It’s amazing what you can accomplish when you do not care who gets the credit.
Harry Truman
Why is credit (the receiving of it) important?
Even if it is your idea, would you rather be right, or get the idea implemented? How much do you value your pride?
Fortunately, at our investment partner Dimensional Fund Advisors (DFA), the management strives to work with individuals who strive to capture the best understanding of the data analysis without worrying about credit.
DFA is driven by academic research that is done by individuals affiliated with the firm as well as the whole financial academic community. They view all new academic research with an understanding of risk and return and require robustness before implementing any new insight in their investment strategies.
In this 3 minute interview below, the senior management of DFA discusses how the firm accomplishes the task of getting to the right answer and not defending the wrong answer even if it yours.
David Booth – co-founder and co-CEO of DFA, Gene Fama – Nobel laureate in Economics, often referred to as “The Father of Finance” and Ken French – Distinguished Professor of Finance at Dartmouth College discuss how this benefits our investors.
DFA Video: Getting the Right Answer
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