The Challenges of Emerging Managers

A new generation of professionals are coming into the industry that expect a lot more sooner. That's difficult because if you think about the last 15 years, we've gone 15 years without a recession. It's really hard to get people that have experience that are relatively junior and have a perspective of how bad things can be. I would say don't cave to the pressure. Find the right people that understand that it's a process. They've got to be committed to building the business alongside you or it's going to come crumbling in upon itself.