Find a business partner who shares your moral compass

The transcript narrates the story of a business partnership that faced challenges due to differing moral compasses. Initially, the partnership thrived within a structured organization, but issues arose when one partner began to exploit compliance loopholes, disadvantaging insurance companies. Despite attempts to resolve these ethical concerns, the partner's behavior did not change, leading to a split. The narrator reflects on the importance of identifying incompatible business partners early, highlighting their success as a boutique wealth manager, while the former partner is no longer in business.

What was the main moral conflict the speaker faced with their manager?

How did the manager's approach to compliance differ from the speaker's values?

What does the speaker mean by 'selecting against' in the context of business practices?

What was the outcome of the disagreement between the speaker and their manager?

What lesson does the speaker suggest about identifying business partners?