compared wooing money-management clients with “trying to get into a girl’s pants.”
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THIS caused all that? It’s been that way since Adam and Eve.
We really have turned into a snowflake nation.
Oh, no! We’ll never be the same after these comments! /s
He’s not wrong.
That’s a “sexually charged comment”?
Those guys don’t get out much, huh?
This is absolutely absurd.
This is more corporate social justice horsesh**.
The diversity (snowflake) managers at these outfits must have went into apoplexy after his comments.
There has to be more to this. Somebody just wanted this man out of this position of influence. His remarks were a little racy, but come on! People have become pretentiously prudish and provincial here lately. What year are we in, 1918?
One source feigns ‘shock’, and the other idiots fall over themselves yelling #Me Too!! I’ve heard women talk worse than this in a public forum.
**I have a few thousand dollars in a Fidelity IRA.
Maybe I should voice my ‘concern’ about them.
If Fidelity is investing their clients money with Fisher, maybe those same clients should invest directly with Fisher Investments and cut Fidelity out of the loop.
This may wind up being a boost for Fisher Investments.
I don’t there’s any pitch that would help him.
Abigail Johnson, CEO of Fidelity, flexing her muscles.
https://en.wikipedia.org/wiki/Abigail_Johnson#Fidelity_Investments
Yikes, with that mug, I’m sure he always struggled to “get into a girl’s pants.” He probably doesn’t even know what it’s like.
I’d say that was a lot more than mere “innuendo.”
If you actually read what he said he was simply making a point about the importance and privacy that people put on their money and comparing it to the way they view their sexuality. His observation was that most money managers go up to clients talking about “performance” and luring them into their funds with the same indiscretion and boorish approach as jerks in a bar that just go up to women and ask for them sex.
It was a (clumsy) condemnation of the bad practices of old school money managers who didn’t respect their client’s personal wealth attitudes the way Fisher does. Unfortunately, in the age of #MeToo the response to any wealthy white guy using the word “sex” in a sentence is to shoot first and ask questions later. Ken will not be the last.
People shouldn’t be so silly with their money.
Decades ago, I read his father’s book, “Common Stocks and Uncommon Profits,” which led me to invest in Texas Instruments stock... which has done very well. Thanks, Fishers. Don’t let the SOBs grind you down.
He should have said “like getting to third base”. #;^)
Why do people say dumbsh-t?Should have known the climate we are in these days.
When I left my previous employer after 35 years I got some hard sell calls from Fisher Investments. They wanted to charge me 1.25% per year to manage my portfolio, instead of a “cookie cutter” approach with a mutual fund.
Basically, they wanted north of $10,000 per year to talk to me on the phone from time to time. My cookie cutter works fine and the management fees are in the double digits. Their TV ads are stoopid.