What A Managing Partner At LoveMore Group Wishes They Had Known Before Entering The Investment Industry
Alex, a Managing Partner at LoveMore Group, learned the importance of "brutal honesty" in communication, emphasizing that time is best spent on fully truthful assessments rather than appeasement. The most effective professionals in this role also dedicate time to deep dives into companies, industries, and even new cultures to build strong relationships and develop insightful investment theses beyond superficial interactions.
Executive/Leadership, Communication, Honesty, Deep-Dive Analysis, Relationship Building
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Alex Cramer
Managing Partner
LoveMore Group
UC Berkeley, 2015
UCLA Anderson School of Management (MBA)
Mathematics, Data Science, Statistics
Finance (Banking, Fintech, Investing)
Strategic Management and Executive
Video Highlights
1. Brutal honesty in communication is crucial for efficiency and avoiding wasted time.
2. Deep dives into companies, funds, and industries are necessary for developing strong investment theses.
3. Building meaningful relationships beyond superficial quarterly updates is essential for success in the role and creating new perspectives
Transcript
What have you learned about this role that you wish someone had told you before you started?
I mean, there are things you learn really quickly. You learn that the most effective way to communicate is through brutal honesty at every corner.
Even giving the slightest hint that a product might work in a market is a waste of time. It's a waste of everyone's time if it's not fully true.
If you're just saying something to appease a situation, you'll end up with a lot of cleanup. You might spend half an hour on an informational interview when you could be doing something else.
What separates people who do these roles well is their ability to communicate effectively while also going deep on certain things. This could mean deep dives into a company, funds, or an industry to develop a new perspective for an investment thesis.
It also means having time to visit new cultures, learn new things, and develop meaningful relationships beyond just quarterly update calls. I wish someone had told me this sooner.
You'll waste your time if you're not investing in good companies. I'll stick with that answer.