Apr 22, 2022
Local Investment Legend
Series, featuring Steve Smith, former rocket scientist who
successfully made the transition to investment management by having
a clearly established, well-understood, and universally agreed upon
goal for achieving a mission, whether helping people land on the
moon or finding companies that will grow faster than expected while
combining the efficiency of technology and wisdom of human
experience. Hear who inspired Steve’s life and career and why he is
so excited about the future of our
industry.
After Steve’s time at NASA, he
began his investment management career as a portfolio manager with
Wachovia Bank. He ultimately joined the predecessor to Bank of
America, where he held a variety of senior investment management
positions. Steve was then involved in an academic study in the late
70s at the University of North Carolina, seeking to determine which
components of a company generated positive excess returns. It was
on these principles that Steve founded Smith Group, and more than
20 years later, it continues to apply them consistently to their
portfolios.
Steve earned a B.S. in Industrial
Engineering and MBA from the University of Alabama, was awarded the
CFA designation, is a member of the CFA Institute and serves on the
CFA DFW Strategic Advisory Board. An avid outdoorsman with skiing
being the activity I remember the most, Steve’s love for the
outdoors has led him to volunteer for several nature-oriented
non-profits, including Groundwork Dallas, Audubon Texas, and the
Trinity Coalition, where he currently serves as Board
Chairman.
Disclaimer: All podcast discussions represent only the views and opinions of the host and guests. This podcast in no way constitutes investment advice and is not an offer to buy or sell any products or services.