Investment Community #4
Dave Foord, CIO of Foord Asset Management (Part 1)
In this episode (the first of two) Dave tells:
How the highlight of his career is to have survived in the industry for 40+ years
How it felt to be seen as an idiot for not loading up on tech stocks on the DotCom Bubble
How he still tap-dances to work every day.
We also discussed:
How the decision to turn down money had the effect of turning the gatekeepers against him
How most people are not good investors because they don’t properly understand probability and time
How investment people are prima donnas, and too many of them together is a recipe for chaos.
Dave Foord is CIO of Foord Asset Management, a firm he founded in 1981. He began his investment career in the late 1970s with a three-year stint as an industrial analyst at Old Mutual.