John Montgomery
The Guardian
What holds, and what fails, under pressure, standards and accountability.
John Montgomery reads as The Guardian because at Bridgeway Capital, stewardship functions as the operating system rather than a values statement. His insistence that clients are the boss and that mistakes must be surfaced, never buried, treats institutional trust as something held in custody.
“Criticizes it says that. And there's nothing wrong with branding, but we go first to the substance of it. Well, first of all, we didn't call it factor investing 25 years ago, but absolutely applying quantitative methods to the process of investing and then figuring out as many different ways to apply numerical methods as possible.”
“Percent of the hands go up So, Barry, my answer to that question usually is a humble is like, no, I'm not, probably I'm not. And in business school, I didn't think I was going to be in the top half of the class. But with respect to driving, I've never had a chargeable accident, and I've never had a moving traffic violation.”
“First of all, I'd say It's a great industry, great opportunities. People are shying away from it right now, which means the opportunities are bigger, extreme competition. So those would be the things that overlay somebody that's thinking about getting in.”
“Oh, wow. So, you know, we've had a lot of different categories. We've had compliance. Failure, or at least disappointment to the tune that we said, we want to become a top quartile player in compliance.”
Masters in Business: “Factor-based Investing with John Montgomery”
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