Fisher

Ken Fisher started Fisher investments in 1979 with $250. The firm now manages over $100 billion in assets and Fisher is worth $8 billion. He dropped out of high school but later graduated with an Associate Degree in Economics. He has authored 11 books on investment strategies, six of which were best sellers. Fisher has been married for many years and has three grown sons. He is well known for his philanthropy having given millions to various charities. I have never heard of this guy but am writing this for something odd that happened five years ago when he was 68. Fisher was asked in an interview how to approach a potential investment client and he said not to directly ask and the he used a analogy. He said you would not go up to a women in a bar and ask her what's in your pants. After that the city of Boston pulled $250 million from Fisher's fund. This was followed up with Fidelity reviewing $500 million in funds. Fisher Investments lost more than $2.7 billion as several pension funds withdrew their money. I was surprised at the reaction to Fisher's remarks. Makes you wonder what would have happened if he had said something positive about Hamas.