The reason some industries struggle to transform is because they need to maintain the illusion of excellence through artificial barriers to entry. I, like everyone, obviously only have limited exposure to my own bubble. But, in my bubble, the reason I was surrounded by white men is because the bubble was built by white men. Investing is really not complicated. If you can’t take someone and teach them how to be a good investor, the fault lies with you, not them. If you can’t take someone and teach them to be a good investor, it is because you are protecting your privilege. You are protecting your club. You are worried you might train them and then they will leave. You are worried that your selection criteria will be shown up to be unnecessary. I do believe there are things not everyone can do. Like sprinting. Not everyone can run a sub 10 second 100 metres. Investing is not one of those things. There are no gods. Just false gods. If you are in a business that is not transformed, it is the people in charges fault. Fullstop.
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