17 Quotes by Joe Mansueto

Since Morningstar was founded in 1984, our mission has been to serve as an advocate for the individual investor. We have been successful in executing our strategy, but we must refocus our efforts to capitalize on the opportunities in the marketplace.

Obviously we're pleased with the SEC's decision and are happy to put this matter behind us.

No one can tell you what to do or push you around. It gives you a secure feeling. That's the best thing about money.

I found an approach to investing that made enormous sense to me: rigorously analyzing a company's fundamentals, understanding exactly how it makes money, developing a view on the business's future prospects, and deciding if it's a good business.

I thought a company that provides mutual-fund information could be a great business, because you could construct an effective moat by building large financial databases and customer lists and a strong brand name.

My philosophy is that small is beautiful. Instead of having one $70 million company, we will have smaller units that will operate as separate businesses. These changes will allow Morningstar to be more nimble in responding to the needs of investors.

To me, money is independence. It gives you freedom to do what you really want to do. It allows you to not be dependent on anyone or anything, and so you can be yourself and follow your passion.

As I get older, I increasingly value free time that's completely free of appointments. Time to think, time to reflect, time to just hang out with my wife and kids.

I spent the bulk of my career on building my company, and Morningstar is where the passion is.