What does it take to lead with purpose and create meaningful impact in your community? Is it resilience, creativity, or perhaps the ability to connect with others in unexpected ways?
In the latest episode of Outside Insights, I sat down with Colleen Davis, Delaware’s State Treasurer, to uncover her journey from a small-town childhood to managing billions in state investments. Colleen’s path is anything but conventional—spanning neurosurgery, finance, and public service—and it’s packed with lessons on leadership, resilience, and the power of building connections.
I encourage you to listen to the podcast during your next workout, commute, or downtime to explore these key takeaways:
1. The Power of Resilience
Growing up as one of eight children in a family that faced financial hardship, Colleen learned early on how to rebuild from the ground up. Those experiences instilled a boldness and adaptability that have shaped her approach to life and leadership.
"You can lose everything materially and still rebuild—you just need the right people and mindset around you."
Her story is a reminder that setbacks don’t define you—your response to them does.
2. Leadership Rooted in Connection
As State Treasurer, Colleen oversees $11.2 billion in investments and serves on 33 boards, all while championing innovative programs like Delaware Earns, a retirement savings plan for workers without employer-sponsored options. But what sets her apart is her ability to connect people and solve problems through relationships.
"Sometimes, the most impactful solutions come from simply knowing who to call and bringing the right people together."
Her approach highlights how collaboration and creativity can lead to impactful outcomes.
3. Breaking Barriers to Build Bridges
In high school, Colleen took on a leadership role early, petitioning to create her school’s first girls' soccer team—a move that not only changed her trajectory but also inspired others.
"You can do anything boys can do, but sometimes, you just have to do it wearing a shirt."
This spirit of determination and advocacy remains a central theme in her career.
4. The Importance of Financial Innovation
Colleen shared insights into her role as a steward of public funds and her efforts to create long-term financial security for Delaware residents. Her team’s work on Delaware Earns exemplifies innovation in public service—offering small businesses a free, easy-to-implement retirement savings option for employees.
"It’s about making sure everyone has the tools they need to prepare for the future, no matter where they start."
5. Lessons in Vulnerability and Growth
From navigating personal challenges to running for public office, Colleen’s story underscores the value of embracing vulnerability and learning from every experience.
"No experience is wasted, even if it ends in failure—there’s always a lesson to take forward."
Her career path reminds us that success isn’t always linear, but persistence and adaptability make all the difference.
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