Investment Leadership

Are investors leaders?

They should be. The same qualities that we see in the best leaders also serve investors well. Leaders need to have clear goals; they need to establish a culture of integrity; they need to understand what they can—and more importantly, cannot—do. And they need to communicate these values to those around them.

Virgil’s poem, The Aeneid, lays out these classic leadership elements: fatum, pietas, and virtus. Today we would call them vision, culture, and values. In this work, Virgil paints a picture of his ideal ruler: decisive, humble, just, honest, courageous, and so on. Investors who learn these lessons will know where they’re going and how to get there.

During his wanderings, Aeneas undergoes many hardships. In every instance, he reminds himself of his goal and the great empire he is destined to found. But he can’t compromise: his dalliance with Dido along the way caused heartache for him and was disastrous for her. In the same way, investors need to establish goals, avoid getting sidetracked, and pursue their plans with diligence.

The Aeneid is an epic poem about leadership. It tells the story of the establishment of Rome—its confusing, challenging, tumultuous founding. As we put our own resources to work, we do well if we look past present circumstances and focus on the future. Like Aeneas.

Douglas R. Tengdin, CFA

Chief Investment Officer

By | 2014-06-30T09:47:34+00:00 June 30th, 2014|Global Market Update|0 Comments

About the Author:

Mr. Tengdin is the Chief Investment Officer at Charter Trust Company and author of “The Global Market Update”. The audio version of each post can be heard on radio stations throughout New England every weekday. Mr. Tengdin graduated from Dartmouth College, Magna Cum Laude. He received his Master of Arts from Trinity Divinity School, Magna Cum Laude and received his Chartered Financial Analyst (CFA) designation in 1992. Mr. Tengdin has been managing investment portfolios for over 30 years, working for Bank of Boston, State Street Global Advisors, Citibank – Tunisia, and Banknorth Group. Throughout his career, Mr. Tengdin has emphasized helping clients manage their financial risks in difficult environments where they can profit from investing in diverse assets in diverse settings. –
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