What a wild ride it has been. From trading penny stocks in high school stock market competitions after the 1987 Crash , to trading billions of dollars whilst elbowing with the likes of Eric Schmidt (CEO of Google), Jeff Bezos (CEO of Amazon), and John Chambers (CEO of Cisco Systems)...I have seen it all. There is no playbook for managing billions of dollars, starting your own investment firm, and running a hedge fund. My life story has been rather circuitous, taking me everywhere from California to New York and from Australia to China along the way. I even took a nine year pit-stop in America s heartland, where I managed a $20,000,000,000.00 fund at American Century Investments. As a freshly minted MBA grad from Cornell University in 1998, I never expected in my wildest dreams to land on one of the 10 biggest funds in the U.S. America, what a great place to live! My journey eventually sucked me back towards the Pacific Ocean, where I now lead my investment practice in Newport Beach, California. The opening of market trading hours at 6:30 a.m. is not ideal out here on the West Coast, but sleep is overrated - I can rest in the afterlife.
The basis of “1001 Truths” is designed to not only open the eyes of individual investors to the dangers and common pitfalls of investing and financial planning, but also to make readers aware of the vast opportunities and resources available to them in order to preserve and create wealth. The expanding technology revolution and globalization trends affecting our daily lives are having immense impacts on worldwide asset values and political movements. These developments represent huge opportunities, and threats, for all investment portfolios. Although investor trust was shaken by the 2008-2009 financial crisis, the events served as a wake-up call for all investors. Our structurally flawed financial system of loosely regulated, banks, brokerage firms, insurance companies, ratings agencies, hedge funds, mutual funds, and other financial institutions continue to repeatedly place their interests ahead of clients. Learning the “1001 Truths” of investing will empower readers to take control of their financial futures and navigate through the multitude of conflicts of interest prevalent in the industry.