Posts in Books
Leadership with Heart

Innovest CEO Richard Todd was recently a guest on the Leadership with Heart Podcast. In this episode, Rich shares his views and his experience on empowering others, continuous improvement as a leader, servant leadership and viewing roles as a vocation instead of a career.

"The best way to get somebody's attention and lead them, is to serve them." - Rich Todd

Click here to listen to the podcast.

Source: Leadership with Heart

The Go Giver

As part of Innovest’s Mentor Program mentors read The Go-Giver, a story about the power of giving. Mentors identified with the alignment of giving and the Innovest mission of Stewardship.

The Go-Giver outlines “Five Laws of Stratospheric Success” compared with “Innovest’s 12 Bedrock Principles”. Both “laws” reinforce serving others first and foremost with the outcome yielding success for both parties. At Innovest, we are proud this is our culture and we believe this is the primary reason for the success and longevity of the firm.

“Five Laws of Stratospheric Success”

  1. Value: Your true worth is determined by how much more you give in value than you take in payment.

  2. Compensation: Your income is determined by how many people you serve and how well you serve them.

  3. Influence: Your influence is determined by how abundantly you place other people's interests first.

  4. Authenticity: The most valuable gift you have to offer is yourself.

  5. Receptivity: The key to effective giving is to stay open to receiving.

    Innovest’s Bedrock Principles

  1. Unwavering Client Service. Our clients come first. We expect each to feel that they truly are our most important client. Quality client communication is crucial, and we consider it a privilege to serve our clients.
  2. Add Value to Clients. Clients trust us because we provide advice and services that are worth more than our compensation. We focus on servicing the unique needs of our clients and continually improving their situation.
  3. Integrity. By providing our clients with all the facts, they can make informed decisions and judgments. We will provide full disclosure and maintain the highest ethical and moral standards.
  4. Build Community. We must earn the respect of our clients. We strive to have our clients and associates proud and privileged to be a part of our firm and success. This can only happen if each and every principle is maintained and nurtured. 
  5. Hire Great People. Intelligence and positive attitude are paramount. Our people continually develop their skills along with a value system of honesty, professional service, respectfulness, and responsiveness.
  6. Teamwork. Clients must receive contributions from each of us. By working together, we create true synergy and passion for our clients’ success.
  7. Constant Improvement. Our humility and dedication to excellence causes us to constantly reflect on ways to improve. We challenge each other to create better processes and approaches.
  8. Treat People Well. In light of the challenges of adversity and pressure, we will strive to treat all people with respect, warmth, and patience.
  9. Our Proven Process. Short cuts are not tolerated. Both our investment and internal processes are the cornerstones of our business and demand respect and commitment by every individual.
  10. Work Hard. Through total commitment and dedication we have created an environment that is exciting, fun and demanding, yet rewarding. We expect our culture and success to create passion and to make hard work a fulfilling experience.
  11. Stay Focused. We need to ensure that our firm is stable in an unstable industry. Continuity promotes client confidence and an attractive environment for all. Life is too short for anything less.
  12. Balance. We strive to maintain the intricate balance of being large enough to achieve economies of scale, but small enough to maintain relationships based on intimacy, loyalty, friendship, and candor.
A Demon of Our Own Design

I am currently reading A Demon of Our Own Design, an eerily prescient look at markets, hedge funds and risk. The author, Rick Bookstaber, also has a very insightful blog. Given the recent turmoil in the markets, particularly within quantitative based funds, this post is worth a read. It puts in perspective the dire headlines we have been reading, as well gives a decent explanation to many of the problems that caused recent market disruptions.

Capital Ideas Evolving

I recently began reading Peter Bernstein's great new book, Capital Ideas Evolving. For those with any interest in the history of modern financial theory this book, along with it's predecessor, Capital Ideas, are must reads. After reading these books you almost have a sense of having sat down and talked with some of the greatest minds in finance, both academics and practitioners. For more information on Bernstein's newest book see this post and this post from

BooksScott Middleton