Talk about a witness to history.
While speaking about graduating Phi Beta Kappa from Wellesley College, Dorothy Weaver (left) mentions (with no hint of airs) the role she played in bringing former first lady Barbara Bush and Russia’s first lady Raisa Gorbachev to the campus for a 1990’s commencement speech.
The invitation drew controversy that was closely watched around the country because many of the female graduates didn’t feel Bush’s individual achievements measured up. Bush, however, waded into the mini-maelstrom, charmingly disarmed the graduates and saved the day.
So how did Weaver, chair of her alma mater’s financial committee at the time (a post she held for 17 years) land the A-list speaker?
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“Barbara introduced me to my husband,” she responds just as oft-handedly.
While her connections are impressive, her career achievements are more so. The CEO, chairman and co-founder of Collins Capital, an alternative investment firm based in Coral Gables, Fla., is also a former chairman of the Federal Reserve Bank in Miami.
“I sometimes disagree with my brother-in-law, Richard Fisher,” she says, referring to the current (and outspoken) president and CEO of the Federal Reserve Bank of Dallas. It’s gotta be a Texas thing—Weaver is a native—because she doesn’t hold back.
“We’ve been in hedge funds since before they were called hedge funds,” she begins. “What did we call them then? Good managers.”
Advisors, Weaver says, are clear about where they don’t want to be. Identifying where they therefore want to be is the problem.