89
CHAPTER
11
Case History
Collaboration for a Money
Management TeamComing together is a beginning; keeping together is progress;
working together is success.
—Henry FordThe team that I worked with consists of five people, all profes-
sional money managers, running about $2.5 billion of common-
stock money. In a radical departure from traditional approaches to
money management, all the members agreed to operate as a team,
including consensus decision making. Further, their reward for
beating the benchmark S&P 500 was lumped together so that they
were truly aligned with the goal. As the Three Musketeers used to
say, “All for one, and one for all.” If they don’t beat the bench-
mark, none of them gets a bonus, including the leader.
Their main objective in operating as a team was to harness the
power of their collective thinking, especially the creativity. Accord-
ingly, four of the members of the team have a preference for intu-
ition (N), whereas only one prefers sensing (S). See Figure 11.1 for
the compositional breakdown. The sensing teammate provides a
good grounding when the big-picture boys get too far off into
dreamland.08-13 ware 89 1/19/01, 1:11 PM