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It's Not the Pipeline, It's the Culture - Troy Prince - Wall Street Bound & Prometheus Capital Management
Manage episode 274098055 series 2535537
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Wall St is detrimentally too white and male. Women & minorities, who achieve 60% better returns than their white male counterparts, manage a mere 1.3% of the $69 trillion in financial portfolios (Bloomberg). While Wall St says the lack of diversity is a pipeline problem, Troy Prince, founder of Wall Street Bound and Prometheus Capital Management, knows that it most definitely is not. Plain and simple, the problem is social capital...some have it, some don't, and he is doing everything he can to change that.
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