Rick Drain, Founder of Longsplice Investments
THE INNOVATION:
A former computer chip design engineer turns his math skills toward managing a socially-responsible mutual fund. Longsplice Investments is a mutual fund company that explicitly emphasizes selection of portfolio companies that are good corporate citizens.
Rick Drain, Founder
Longsplice Investments.
www.longspliceinvestments.com
Watch a video of our conversation...
Excerpts:
- " Socially-responsible means something different to absolutely every person on earth"
- According to Longsplice's definition: “Good Corporate Citizens practice Respect:
- for the environment
- for human and workers' rights
- for shareholders
- for the less fortunate"
- "I've found an aspect of finance that's very modeling and simulation - oriented, just like what I did as a chip designer, so in a whole new field I was right at home using skills I seemed to be pretty good at"
- Advice for aspiring entrepreneurs? "Go for it" and "Have savings before you commit to supporting yourself"
- "By the time I retire-- again-- I want 'socially-responsible mutual fund' to be redundant. I want all investing to be socially responsible."
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