Mellody Hobson is the President of Ariel Investments, a Chicago-based investment firm with $12.4 billion in assets under management. She is the first African-American woman to chair the Economic Club of Chicago and sits on the board of Starbucks and Estee Lauder. She is committed to promoting diversity and thinks we should all talk about race more openly. She credits her single mother for her strength and independence today, and explains how she is passing that down to her young daughter. Produced by Haley Draznin, CNN.To learn more about how CNN protects listener privacy, visit cnn.com/privacy