#47: David Hay On Balancing Risk Management With Timely Opportunism
Superinvestors and the Art of Worldly Wisdom
00:00
The Positive Catalyst for My Career
I was a cold call cowboy. I remember buying CDs for clients, you only 21% in 1981. By the late 80s, it really dawned on me that the Dean Witter wasn't right firm. The idea that you have to call people and that you're paid on commissions became a big battle with Dean Witter management. They didn't want to give me fee-based discretion. So anyway, that's really why left Dean Witter was to go to Smith Barney. We had, my team and he established the first portfolio manager account.
Transcript
Play full episode
