Mar 11, 2024
After Brett Janis left Harvard, he worked as a journalist in Southeast Asia and later attended Georgetown University's Masters of Science and Foreign Service program, which introduced him to the International Affairs world. After a stint in Egypt, Brett joined the Central Intelligence Agency (CIA) in 1995, where he focused on economic issues related to the Southeast Asia crisis, including issues related to banks and financial markets. He left the CIA just before 9/11, which was a critical moment in his life. He went back to Asia and started a business which dealt with finances for family offices.
Brett returned to the US in 2005 and went to Columbia Business School, where he managed money for a family office with an international focus. Since then, he has been doing finance and consulting, working for PWC, McKinsey and the Treasury Department under Obama's second term. Brett joined the Financial Stability Council as a senior analyst during a time of financial system regulation. He also reconnected with Tim Geithner, who was one of his first principals at the CIA. Brett currently runs a private Wealth Management Practice called Strong Bridge Advisors, LLC, based in San Francisco.
Working at the CIA
Brett talks about his interactions with Tim Geithner and Larry Summers, two influential figures in the Treasury. Geithner was part of the committee at Treasury, which focused on social stability and risks that had not yet been faced and not just economics. The remit at that time was to understand the impact of a banking sector crisis on smaller Asian economies. Brett had his most critical briefing with Larry Summers in 1998, where he brought valuable insights from his deep knowledge of Southeast Asia and Thailand. He believes that the role of an advisor is to bring insightful information, listen to other views, and he states that a lot of the quality policy decisions are made through authentic dialogue and respect for different perspectives. Brett goes on to explain why he was comfortable with the processes and structure of the role at that time.
Working at McKinsey vs. CIA
As a former associate partner, Brett compares the approach of the CIA to McKinsey, both with a reputation for intense cultures and intellectual horsepower. While the CIA dealt with serious issues, such as life-threatening issues, national security and social stability issues, Brett believes that both prioritize risk-awareness. He mentions that people at the CIA have more seniority and dedication to the issues they are passionate about because their sense of public duty to the government is higher than for employees at McKinsey. In conclusion, Brett's experiences with the CIA and McKinsey highlight the importance of maintaining strong relationships and being creative in risk-taking and decision-making.
Setting Up an Investment Advisory Practice
Brett discusses his decision to set up an investment advisory practice after becoming a CFA. He began managing money and private capacity for family office clients at Columbia Business School, working with people who were friends and retired from different government agencies and services. He completed a value investing program at Columbia and brought this skillset to his company. Brett felt that larger institutions often didn't provide the same attention to clients as they needed, and industry pressures were often not in clients’ best interests. His company, Strawbridge, cuts through this clutter and focuses on the investment process, serving the best interest of his clients. The practice provides skills in tech investment, good value investing, and understanding macroeconomics.
A View on Relationships
Relationships play a significant role in Brett’s career. Many former friends and associates have become clients. He enjoys building relationships with people who have helped him or who he respects and has maintained relationships through personal changes, geographic changes, and stress situations.
Brett believes that relationships are more important than what people are doing in their lives, and that it doesn't have to be business relationships. Trust is essential for managing assets and staying in touch with clients. He also enjoys staying in touch with people who share similar experiences.
The Impact of the Ukrainian War
Brett discusses the impact of the war on his family and his Ukrainian wife. The war has been a massive refugee issue; many families have been torn apart, they have faced issues in bomb shelters, suffered daily harassment, and medical care has been impaired leading to deaths that could have been avoidable. He is a huge supporter of Ukraine and hopes that people in the US will take action to continue their support.
Influential Harvard Courses and Professors
Brett shares his experiences at Harvard, His major is in English literature and he also pursued a visual arts course, where he took oil painting and continues to do, he also took Mandarin Chinese which helped him pick up Thai, some Cantonese, and even a little Russian. continued to write and explore various writing techniques. Brett also mentions learning Thai while living in Southeast Asia, where he was trained by the CIA to be like an Uber Thai speaker.
Timestamps:
05:15 CIA experience, problem-solving approaches, and McKinsey
12:06 Investment philosophy and business practice
16:03 Relationships, career, and personal life
22:17 Ukraine, language learning, and personal experiences at Harvard
Links:
LinkedIn: https://www.linkedin.com/in/brettjanis/
Company Website: StrongBridgeAdvisors.com