Morningstar CEO Kunal Kapoor on Market Crashes, AI, and Investing

Everyone wants to know when the market will crash. ‪Morningstar CEO Kunal Kapoor has spent decades analyzing markets, and his answer might surprise you. In this episode of The CEO Series, William Salvi sits down with Kunal to discuss why timing the market rarely works, how Morningstar has evolved into a global financial data powerhouse, and what leaders often underestimate when scaling a company. From an almost 30-year journey at one firm to leading through change, Kunal shares how discipline, culture, and long-term thinking shape both investing and leadership.    Chapters 0:00 | Intro 1:00 | From Data Analyst to CEO 3:10 | What Morningstar Actually Does 4:20 | The Rise of Private Markets 5:20 | Why Timing the Market Fails 5:40 | Are We Headed for a Recession? 6:06 | Does Kunal Invest Personally? 6:45 | What Keeps a CEO Up at Night 8:00 | Taking Over from a Founder 9:05 | Leading by Example 9:45 | Growth vs. Discipline 11:00 | The Hardest Leadership Lesson 12:30 | Answering the Internet's Top Questions 14:05 | When Will the Market Crash? 14:30 | How Morningstar Handles Private Market Data 15:45 | How AI Is Changing Morningstar 17:20 | Rapid Fire 19:05 | 30 Years of Lessons in Leadership