Mr. Ken Fisher, who calls himself a “self-made multibillionaire,” shared his philosophy of industry during a fireside chat on the second day of elite conferences for wealth management CEOs in San Francisco at the Ritz-Carlton Hotel. Fisher had been honored previously at the Tiburon CEO Summit. He has written 11 books and writes financial columns in newspapers regularly. He has a net worth of US$ 3.7 billion. The conversation between Ken Fisher and Charles (“Chip”) Roame, Tiburon’s Managing Partner, on the main stage was a keynote event. The event was open to 220 participants and had no competing panels.
In the few days after the summit, Roame condemned Fisher’s speech in a lengthy statement. He also vowed not to invite the powerful billionaire back to the Tiburon CEO summit. Other wealth managers and financial advisors came forward on social media. They also claimed that they had heard the same discourteous comments in earlier industry summits. Fisher expressed sympathy and apologized on Thursday by saying that there are certain words and phrases which he shouldn’t have used at the most recent meeting to express certain opinions. He added that it is obviously wrong. He also realized that this language has no place in the company or industry.