WORCESTER – Looking for a good investment bet? Find a company with happy employees, says the co-founder of The Motley Fool investment newsletter.
“If you make culture, leadership, and workplace engagement a key factor in your investment approach, you do better over time,” said Tom Gardner, citing data and Motley Fool’s own company experience.
“There’s no indication it will improve your returns in a single year,” said the investment advisor, here Wednesday to address the Worcester Economic Club. But “if we’re talking 10 years out, the best cultures outperform the averages. If you just bought the Best Places to Work list [from] Fortune Magazine [or] the Glassdoor Best 50 companies, you’re smashing the market.”
Mr. Gardner and his brother, David, founded The Motley Fool in 1993. The company today reaches millions of people each month through its website, books, newspaper column and subscription newsletter services.