This is the season to watch the Dickens classic, “A Christmas Carol.” We all know the story of Ebenezer Scrooge, a businessman who has been consumed by greed. The greediest industry in America, by a large margin, would be the industry of higher education.
How do we know we are doing the right thing? Being ethical is hard, and it takes a considerable amount of self-awareness. There are obvious conflicts in our business, but some are less so. For example, exchange traded funds (ETFs) versus mutual funds.
We just celebrated Labor Day, and that means college football season is upon us. But college sports are in trouble from a disease we know all too well in this business: Greed. The irony of greed is that it ends up killing the goose who lays the golden eggs.
I have always loved the 4th of July, but over the past 20 years it has had special meaning to me. Iron Capital, as we know it today, began when I came to an agreement with my co-founder on July 1, 2003.
The thing about American democracy is that no one ever gets what they want, but everyone gets something they can live with. We are no longer teaching that to our children, and there will be grave consequences if that is not remedied. An educated public, and the ability to compromise and to accept incremental progress, is crucial to the survival of democracy.
