Bonus: Rick Rieder on Collaboration and Culture

Summary

Seth Carpenter interviews Rick Rieder about the importance of collaboration and culture in financial management. Rieder shares insights on building long-term teams, hiring practices, and the role of trust at Morgan Stanley. The conversation focuses on organizational dynamics rather than market investments.

• Rick Rieder emphasizes using 'we' over 'I' to reflect teamwork.
• He discusses long-standing partnerships, like his co-CIO of 34 years.
• Rieder explains his approach to hiring and developing young talent organically.
• He mentions the importance of culture at Morgan Stanley and fitting into it.
• Decision-making examples include adding mortgages or selling credit as part of team processes.
• Rieder reflects on navigating business downs with a reliable team.
• He acknowledges distinct cultures within organizations.
• The episode is part of Morgan Stanley's 'Hard Lessons' series.