What Do People Misunderstand About Leadership?

I think the misconception about a leadership role in a boutique investment business is people think you have all the ability to make decisions.

There's a team of people, and sometimes people work really hard on transactions that you may have some doubts about, and sometimes you have to take into account that you don't have the unfettered ability to do exactly what you want to do.

They're looking to you for guidance and helping them do a better job as a key role. Sometimes being able to exercise your discretion just the way you want to is actually harder than one would imagine.