Billionaire money manager Ken Fisher made several sexually charged remarks that shocked listeners at a financial services conference in San Francisco.
Mr. Fisher spoke Tuesday about how he built his company. He compared the process of gaining a client's trust to "trying to get into a girl's pants," said Rachel Robasciotti, a founder of wealth manager Robasciotti & Philipson.
"I was floored," said Ms. Robasciotti, who attended the event organized by Tiburon Strategic Advisors. "For me and some of the women sitting nearby we were kind of in shock. We were like: 'Wait, did that really just happen?' "
Mr. Fisher also said that executives who are not comfortable talking about genitalia should not be in the financial industry, according to Ms. Robasciotti. She said he made a reference to dropping acid and also likened his employees to cattle who need to be branded.
"I have given a lot of talks a lot of times in a lot of places and said stuff like this and never gotten that type of response," Mr. Fisher said in an interview Wednesday. "Mostly the audience understands what I am saying."
Mr. Fisher, who manages more than $100 billion, said he's an easy "guy to dislike" because he manages so much money. He said his comments were taken out of context and that he talked about genitalia and women to make a point about how the art of wooing clients is similar to romantic seduction.