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.
I’m truly disgusted. pic.twitter.com/SKb3dYLV5h
— Alex Chalekian (@AlexChalekian) October 9, 2019
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.
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