Monetary Matters with Jack Farley The Investor Up 1000% With No Down Years | Chris Brown of Aristides Capital
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Dec 3, 2024 In this discussion, Chris Brown, CIO and founder of Aristides Capital, shares his remarkable journey from Air Force doctor to hedge fund success, boasting a 16-year record of no losing years. He highlights how meticulous strategies, hiring passionate talent, and rigorous performance analysis have driven their 1,000% returns. Brown emphasizes the importance of relationships with high-net-worth and institutional investors, while stressing the need for transparency and authenticity in the investment process—all delivered with an engaging sense of humor.
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Launch Story
- Chris Brown took a $30,000 cash advance on his credit card to launch his fund in August 2008.
- Early investor and author Andrew Tobias significantly impacted Aristides Capital's success.
Bear Market Launch
- Launching a fund during a bear market, like the 2008 financial crisis, can be advantageous.
- Investors are more open to new strategies when their existing investments are performing poorly.
Early Fundraising
- Secure as much capital as possible at launch to build a strong track record.
- High-net-worth individuals (HNW) are valuable early investors; they're less rigid than institutions and offer referrals.
