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Do They Measure Up?

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How should we evaluate money managers and business leaders? Or for that matter, a presidential candidate? One way is ask these three key questions: Have they developed a well-defined strategy? Do they have the gravitas to consistently make tough decisions? Are they highly effective communicators? If we look at all three – money managers, business leaders and presidential candidates – there are some compelling similarities and noteworthy differences. The Great Money Manager When we analyze the standout money manager, we typically see a coherent and careful strategy. That strategy may or may not be complicated, but it is always well-defined. Equally as important, the great money manager doesn't materially deviate from their strategy. That requires a steely ability to make difficult decisions. For example, if a manager sells while the herd is charging after the market, courage is necessary to weather the inevitable second-guess