Show Notes
In our first-ever pop-up podcast in front of a live audience, Karen Finerman sits down with Karen Firestone at the CNBC Pro Event: Wealth For Women at the Nasdaq MarketSite. Karen Firestone, who goes by Kari, began building her impressive career as an investor in the early ‘80s. There were far fewer women working in finance at that time, and things were far more challenging for women in that space than they are today. Still, Kari couldn’t have imagined taking a different path.
She was drawn to investing at a young age and for 22 years, worked her way up at Fidelity. Kari spent a good portion of that time working as an assistant fund manager to the legendary Peter Lynch on the Magellan fund. According to CNBC, the fund “earned an annualized return of 29.2%” under his leadership - an incredibly impressive feat. In 2005, at age 47, she took a big risk and launched her own company, Aureus Asset Management. She is now Chair Emerita of the firm, which manages over $8 billion in assets for families, individuals, and non-profits. She is a contributor for CNBC and the author of “Even the Odds: Sensible Risk Taking in Business, Investing, and Life.”
💬 In this episode, we explore:
What Firestone took away from working alongside Peter Lynch and learning his approach to investing
How a pregnancy surprise, a plane ride, and an unexpected run-in with a celebrity changed her life
What it was like being one of the few women at Fidelity in the 1980’s and the choices she had to make that are thankfully no longer necessary today
The importance of avoiding arrogance and embracing humility in investing
Why prioritizing exercise helped her manage a demanding job while raising four children
How her repeated battles with cancer have shifted her outlook on life
Resources:
📸 Follow Kari Firestone on LinkedIn
💻 Check Out Aureus Asset Management
💻 Check Out “Even the Odds: Sensible Risk Taking in Business, Investing, and Life.”
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