Take 5: Kunal Kapoor on travel, teaching kids about money and Chicago baseball

Morningstar's CEO loves investing, but he's got other interests, too.
MAY 26, 2018

Morningstar's CEO loves investing, but he's got other interests, too. Here are five questions he answered for InvestmentNews senior columnist John Waggoner. John Waggoner:You and your family go to fairly exotic places on vacation, such as the Amazon and the Galapagos Islands. What's the most interesting place you've visited? Kunal Kapoor: I am not sure about 'exotic' but we do enjoy nature and try to teach our kids about nature in an experiential fashion. In that vein, we were just on the Big Island in late March and hiked around the volcano. So, as the recent events are unfolding there, the context we gained from being there just recently has been super helpful and a source of discussion at the family dinner table. JW: You're very active in the Nature Conservancy. What is your role on the Nature Conservancy board? KK: The conservancy is a terrific organization that fosters thoughtful dialogue between the causes and the economic realities of the communities it works with. I'm a staunch supporter of the conservancy and its board members, though I'm currently not as active as I would like to be. JW: Do your children share your interest in investing? What advice do you give them? KK: We buy them a stock each year for their birthday and I certainly try to get them to think like value investors. It's a work in progress, let's just say. With kids, though, getting them to understand saving is likely equally critical at this juncture in their lives, and we try to focus on that as much as anything. JW: How often does Joe Mansueto check in with you? What do you talk about? KK: Joe and I generally touch base over email almost daily and in person every week to 10 days. We talk about the business, our families and stocks we are investing in. He is my primary sounding board. JW: Cubs or White Sox? Or neither? KK: How about both? Anything that is good for the city, I'm behind.

Latest News

Federal judge dismisses Eltek manipulation lawsuit against Morgan Stanley Smith Barney
Federal judge dismisses Eltek manipulation lawsuit against Morgan Stanley Smith Barney

Nine-month electronic trading freeze and share lending program at the center of dismissed claim.

RIA wrap: Dynamic strikes South Carolina deal to reach $7B AUM milestone
RIA wrap: Dynamic strikes South Carolina deal to reach $7B AUM milestone

Meanwhile, Rossby Financial's leadership buildout rolls on with a new COO appointment as Balefire Wealth welcomes a distinguished retirement specialist to its national network.

Rethinking diversification amid a concentrated S&P 500
Rethinking diversification amid a concentrated S&P 500

With a smaller group of companies driving stock market performance, advisors must work more intentionally to manage concentration risks within client portfolios.

Merrill pays second settlement to former Miami Dolphins player, client of ex-broker
Merrill pays second settlement to former Miami Dolphins player, client of ex-broker

Professional athletes are often targets of scam artists and are particularly vulnerable to fraud.

Schwab touts AI as its biggest growth lever at investor day
Schwab touts AI as its biggest growth lever at investor day

The brokerage giant tells Wall Street it will use artificial intelligence to reach clients it has never been able to serve — and turn the technology's perceived threat into a competitive edge.

SPONSORED Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management

SPONSORED Durability over scale: What actually defines a great advisory firm

Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline