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Vault Message Board: Investment Management

Topic Name: Fisher Investments
Message Name: Putting RVP in Perspective
Date Posted: 02/25/2008
In Reply To: Stocksmart - I am looking as well and was curious about your comments on the difference in approach, as you say. My understanding is that in order to succeed at Fisher you have to be able to sell the story behind Fisher and their process. Im coming from one of their competitors and Fisher has an exceptional track record which makes this seem like an "easier" sell. I would appreciate it if you could give an additional insights.
Message: Let me start by saying in my prior post I wasn't trying to make a general judgment on whether people should go to Fisher or not. There's a place for everybody. But anybody with a username like "Schwab4Life" should think twice. To give an analogy, a Schwabby is like your average Navy guy where Fisher sales people are like Navy Seals or other special forces. Coming from Schwab, one would likely find himself at the bottom of the pack with a bruised ego (like a Navy guy might feel around a group of Navy Seals). Somebody who goes by "Schwab4Life" likely doesn't have an elitist mentality and would have a hard time adjusting. Many have tried, many have failed. So, "AppleSauce12", you wonder what it takes to succeed at Fisher? I can tell you these guys are crushers. If you're soft, you'll get squashed. Many people come in, having been top producers in their former position, only to find themselves at the back of the pack. In reality, you'll still make decent money but you'll need to get over your ego. Many can't deal with the pride part and are happier at the front of the pack someplace else -- even if it means making less money. In fact, two of my former buddies from Texas are currently looking to go back to Fisher. They're finally ready to eat their ego -- even if it means being in the second or third quartile. So, again, I'm not here to tell you whether Fisher is good or bad. You just need to have the right attitude.

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