Greg Woodhams, CFA, Chief Investment Officer, U.S. Growth Equity – Large Cap
As stock pickers, we can learn from the companies we analyze. One such insight came from a company’s description of their manufacturing process and how that process was crucial to meeting customer expectations. In this CIO Insight, we’ll make an analogy to our Large Cap Growth investment process.
A Manufacturing Analogy
For the manufacturer, successful products are designed to meet customer expectations and consistently deliver the desired features.* Customer–manufacturer transparency is critical; customers must specify expectations and the most important product features. Manufacturers must be clear on what their process is designed to deliver. Finally, the manufacturer must consistently deliver the features that the customer desires. This analogy can be applied to the investment world, where investor expectations are well defined, manager capabilities are well specified, and the manager designs