Shaan Puri: Fisher Investments sold its first outside stake at $12.5B valuation
Shaan Puri · You Have 70 Days to Win the Year · Oct 23, 2024 · at 26:27
Shaan Puri analyzes Ken Fisher's wealth management firm, Fisher Investments, discussing its growth and private equity deal with Advent International.
0:00 / 0:17exact quote · 17.4s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“They and they ended up selling to private equity. So they sold to Advent. They sold, not the full amount, but they sold At a 12 and a half billion dollar valuation. And that was the first outside capital raise. So this guy basically bootstrapped his way to a twelve billion dollar company.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Shaan Puri
Puri: Future corporate hierarchies will invert, with humans working for AI bosses
“And I think actually it's going the other way, which is it's not that the AI works for us, but that we work for the AI. And people are going to hate that sentence, but let me just describe what that means. AI is very good at Understanding a broad set of inform…”
Puri: AI may cure death and revive cryopreserved people within 30 years
“It's not crazy that in the next 30 years that AI's gonna figure out how to, like, cure a lot of disease, death, to be able to bring back cryogenically frozen people to be alive, or to, like, upload their consciousness, upload their brain into some sort of, lik…”
Puri: Central AI will manage corporate strategy while humans become junior assistants
“The super intelligence is going to be the boss. You're going to be the junior thing. And so and that's what he's, that's what these guys are talking about, Brian Halligan and Jack Dorsey, which is that actually there'll be like a central AI that's making the k…”
Shaan Puri predicts China's elite talent pipeline will outcompete US education
“Whereas if other countries are taking this idea of, like, your job is to produce talent quickly and early, and that, like, it's, the goal is greatness, and let's be competitive about it. Like, what's going to happen over a 20 year arc, right? Like, you're goin…”