TY - JOUR T1 - Practical Applications of The Folly of Blame: <em>Why Investors Should Care About Their Managers’ Culture</em> JF - Practical Applications SP - 1 LP - 5 DO - 10.3905/pa.2015.3.2.129 VL - 3 IS - 2 AU - Jason Hsu AU - Jim Ware AU - Chuck Heisinger A2 - Gauri, Goyal Y1 - 2015/10/31 UR - https://pm-research.com/content/3/2/1.10.abstract N2 - 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 ER -