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Ken Fisher Apologizes for Remarks at Tiburon CEO Summit

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Ken Fisher has apologized for his offensive comments after recently coming under fire for his speech at the Tiburon CEO Summit.

Financial advisor Alex Chalekian who heard the speech was the first to complain publicly via the Twitter video below.

And here, reported by Bloomberg News is Fisher’s response:

“Some of the words and phrases I used during a recent conference to make certain points were clearly wrong and I shouldn’t have made them,” Mr. Fisher said Thursday in a statement. “I realize this kind of language has no place in our company or industry. I sincerely apologize.”

At the event in California on Tuesday, Mr. Fisher spoke about how he built his company, Fisher Investments, which manages $112 billion. He compared the process of gaining a client’s trust to “trying to get into a girl’s pants” and talked about genitalia.

Soon after his remarks became public in a video posted on Twitter by a financial adviser, Mr. Fisher issued a statement through his spokesman and said his comments were misunderstood.

“While I said words he cited I don’t think he heard me correctly and clearly misconstrued my meaning and certainly my intended meaning,” Mr. Fisher said Wednesday. “To the extent he and any others were offended I apologize truly and sincerely.”

Later, in an interview with Bloomberg, he expressed surprise by the reaction to his remarks.

“I have given a lot of talks, a lot of times, in a lot of places, and said stuff like this and never gotten that type of response,” Mr. Fisher said. “Mostly the audience understands what I am saying.”

Mr. Fisher’s apology on Thursday came after the conference organizer barred him from attending future events.

Read more here.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com