I think he's had > 2B pulled to date. https://www.reuters.com/article/us-funds-goldmansachs-fisher/goldman-sachs-will-drop-fisher-investments-unit-from-fund-idUSKBN1X41SU?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+reuters/businessNews+(Business+News) Edit: Ken Fisher Redemptions Blow Past $2.7 Billion As Los Angeles, Goldman Pull Out
He made some very stupid comments in his speech and his Twitter feed. Here is his Twitter comment. What an idiot.
Until all of this publicity, I had no idea Fisher's business was so substantial. Being so large, it's likely he's not outperforming the market for many of his clients. If you had a choice between having Fisher manage your funds and investing passively in the SP, you'd likely do as well or better with the SPY.
Can't imagine an executive of a big firm saying something like this in this age and time especially so publicly on Twitter. Maybe in private...
You know how the rich/famous/powerful can be "full of themselves"... thinking their ego lets them get away with doing/saying anything they want.... Trump, athletes, politicians, Hollywood celebs. Not always correct... sometimes repercussions.
So a flippant joke made online, just cost this guy 2Bil $$$'s kinda, the entire world has gone stupid for PC and it's ruining the entire damn world. Just need to check that all those words are on the not allowed list, 100% perfect. Freedom of speach mean anything these days ?? hells no!!!
For what it's worth this isn't a joke you'd make except behind closed doors with your drinking buddies. Twitter is known for banning people who aren't "woke" but this dude, especially given his position, is acting like a 15 year old boy. He SHOULD be banned. His comments were stupid, inconsiderate, and some of them gross. This has nothing to do with not being "woke" and everything to do with being an asshole in public.
No there was a LOL after it, it was meant as a joke, just because you / anyone doesn't think it's a joke, doesn't mean that it's not a joke, murderers and rapists go free, but business ruined over a joke. Sticks and Stones will break my Bones, but WORDS will never hurt me!!