Andy Rachleff: Democratizing the Investment Business

What is the best advice you’ve ever received?

The first is something a lot of people say but very few people are able to follow: You can’t earn outsized returns if you don’t take risks. The other advice came from Bruce Dunlevie…if you are in negotiations with someone, you tell them to tell you what they think is fair, and then you do it.

What is the best business book you have read?

The Innovator’s Dilemma, by Clayton M. Christensen.