Adam Fisher
10 statements across 1 episodes · 3 bullish · 2 bearish · 1 people on the record · first statement Jul 13, 2020 by Adam Fisher · across every show →
On the record as a speaker too: Adam Fisher's record, appearances and statements → this page counts the times other people say the name.
Everything said about Adam Fisher, oldest first
Jul 13, 2020 neutral
Fisher: Buy-side firms avoid hiring juniors because training wastes time
“All of us look at this now that I'm in this seat is yeah, let them go work at like one of these bolts bracket firms. Let them train these people for us. And then we'll take them, right? Like, we don't want to train any of these people. Like, that's a waste of …”
Jul 13, 2020
Fisher: Mean reversion trading is emotionally harder than trend following
“Mean reversion in trading is very, very hard. It also is hard because when you're doing trend trading or you're doing breakout trading, it's clear where the break is. If it goes back below the break, just stop out and you're done. It's emotionally pretty easy.…”
Jul 13, 2020 negative
Fisher: Committed real estate funds distort alignment and dull creativity
“I think it's not that great for the sponsor. It's great in the sense that you get a huge amount of capital in our management, you get all these asset management fees and all this other stuff, but I think it makes you do stupid things. The alignment's all off, …”
Jul 13, 2020 positive
Fisher: Rezoning creates huge value because institutional investors despise the risk
“Buying something that's zoned for X and rezoning it for Y creates enormous value. And nobody likes to do it, by the way, and even to this day, people hate it. The large institutional investors despise that risk. There's nothing that gets them excited about tha…”
Jul 13, 2020 positive
Fisher: Discretionary macro managers should shift toward trade-specific sidecars
“Frankly, except for very few traders in our industry, I think it's kind of where macro people should try to turn to. I mean, I have a strong view that discretionary people Should really push deeper that direction, not shrink away from it.”
Jul 13, 2020 neutral
Fisher: Real estate investors bet 80% on the asset and 20% on the person
“To some degree, the person is betting on the asset, probably the way most people look at it, myself included, because I've been on the other side of these conversations as an investor, not as a sponsor, is you're betting maybe 80% on the asset and 20% on the p…”
Jul 13, 2020 positive
Fisher: Exploit rare, repeatable human errors with aggressive leverage
“That's where I am as Commonwealth is I got to find trades where machines can't intervene. And where I can find persistency of an essence human error. And I would say to you that the number of them are small. And that's why I've asked my investors to say, look,…”
Jul 13, 2020
Jul 13, 2020
Jul 13, 2020 negative
Fisher: Extreme risk management parameters reduce hedge fund industry returns
“I think it's still a worthy debate for the entire industry to have as to whether or not the drive into these extreme risk management parameters is a good thing. I believe it causes everyone's returns to go down, but I think that's a choice.”