In the throes of this current recession (or jobless recovery, if you like) the operative work is risk. In the case of the sub-prime meltdown excessive risk was the culprit that contributed heavily to the current crisis. Yet, it is the risk takers that make our economy go. This past Friday, our Executive MBA class had the pleasure of hearing Adam Bold, CEO of The Mutual Fund Store, tell his story.
You see Bold traded in a secure job in the financial field to try out h
is idea of starting a mutual fund business that served customers other investment firms mostly ignored. And in 13 years he has built a successful company of about 350 employees. His story was inspiring to our students because he talked about personal risk and the burden of leadership. The consequence of his "risky" move has been to provide a significant number of quality jobs in this area, St. Louis, and beyond. Furthermore, he is building a business that he hopes will live beyond him -- something very difficult for many entrepreneurs to do.
is idea of starting a mutual fund business that served customers other investment firms mostly ignored. And in 13 years he has built a successful company of about 350 employees. His story was inspiring to our students because he talked about personal risk and the burden of leadership. The consequence of his "risky" move has been to provide a significant number of quality jobs in this area, St. Louis, and beyond. Furthermore, he is building a business that he hopes will live beyond him -- something very difficult for many entrepreneurs to do. The name fits Mr. Bold well. I wish him well -- and am glad for the risk-takers.
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