“Who here on the board would hire an emerging doctor to do their heart surgery?”

I love this line. Deep down, when it comes to really important things like heart surgery, everyone values skill over race. There's nothing wrong with companies and people that value meritocracy over racial hierarchies.

"you can get on those boards and insist that African-American investment management firms get hired"

Hiring people based on race is *illegal* and therefore against the CFAI Code of Ethics.