%0 Journal Article %A Jason Hsu %A Jim Ware %A Chuck Heisinger %A Goyal Gauri %T Practical Applications of The Folly of Blame: Why Investors Should Care About Their Managers’ Culture %D 2015 %R 10.3905/pa.2015.3.2.129 %J Practical Applications %P 1-5 %V 3 %N 2 %X The Folly of Blame: Why Investors Should Care About their Managers’ Culture Jason Hsu Jim Ware Chuck Heisinger The culture of blame is toxic. A culture of finger-pointing ends up with lower performance, unhappy clients and disgruntled employees.That’s a key takeaway from this report, based on an in-depth interview with Jason Hsu , Co-Founder and Vice Chair of Research Affiliates in Newport Beach, Calif, and co-author of this Journal of Portfolio Management article. His advice: Asset owners and consultants need to start examining culture in their search process. “Get some cultural indicators on the firm that can allow you to better predict long-term performance.”TOPICS: In portfolio management, performance measurement %U https://pa.pm-research.com/content/iijpracapp/3/2/1.10.full.pdf