Birth of an investment management system
- Jim Lovelace
- Senior vice president, Capital Research and Management Company
- Investment experience:
- 30 years
The Multiple Portfolio Counselor System®, probably more than anything else, has formed the unique culture that we have at Capital.
After people come to Capital, they really do recognize that this place works very differently.
One thing about this system is that it puts great emphasis on individual judgment, creativity and responsibility. You do what you think is best.
You can invest in a stock that others don’t like, and you can even exchange investments with a colleague.
If they’re giving up on an investment, and you still think there’s value in it, we can facilitate those kinds of exchanges. Individual judgment, creativity and responsibility are matched with a culture of cooperation and communication.
It’s vital to our system that we share our ideas with each other and that we challenge each other on whatever we’re doing. And that is what makes the whole thing tick.