Billionaire investor reveals why he still drives 25-year-old car despite $11bn fortune
Meet the mega-rich investor who keeps paper clips on his briefcase and plans to give away his fortune. **Ken Fisher** shares his unique views on wealth family and why he thinks working is good medicine
Ken Fisher‚ worth about $11bn drives a beat-up Volvo thats quarter-century old and keeps his briefcase together with paper-clips (which tells you everything about his money habits)
His view on inheritance is crystal clear: “Im not gonna make them starve but I dont want my kids to have enough money to never work and do drugs“ he explains about his three children. The mega-rich investor thinks work is like medicine - it keeps people healthy
Growing up in 1950s California Fisher had an interesting childhood with his dad Philip (a well-known investing expert): “He wouldnt give me money but offered all the time I needed; which made me learn to compete in life“
The road to success wasnt straight-forward: his company manages over $200bn today but back in the 80s he was doing construction work to pay bills. His investment strategy proved right through market ups-and-downs - he made smart moves before the 87 crash and dot-com bubble but missed the 2008 crisis
Whatever doesnt kill you makes you stronger
His current interests go beyond money management: he studies redwoods and spends time in tents. “I could live in a treehouse“ says the billionaire who plans to give away most wealth through his foundation within 20 years
Looking at markets today Fisher likes:
- Growth stocks
- Big oil companies
- Credit card firms
- Major financial institutions
He thinks Trump will have hard time pushing big changes and believes Britain needs more free-market thinking to match US living standards
