Foster Friess – 5 Principles of Friessology

The 5 Principles of Friessology

Dr. Thomas Carr

In the investing world, there are the “gurus” and there is the rest of us.  Gurus manage billion dollar funds and are celebrated as near-divines by the financial media.  The rest of us look after whatever funds we can cobble together and are celebrated by none but family members once the will is read.

Many of those in the “rest of us” camp look up to the gurus, ingesting their market philosophies and emulating their investing styles.  Some even have favorites.  For example, one investor might construct his portfolio according to the rules of “Buffettology” while another might want more of a growth focus like that advocated by Martin Zweig.  I’m no different.  I build systems based on technical and fundamental analysis, but the gurus always factor into the algorithms, especially when I’m stuck and in need of inspiration.

friessMy favorite guru investor is a man named Foster Friess, founder of Friess Associates and its flagship mutual fund, the Brandywine Fund.  Friess has been in the public spotlight in recent years for his ventures into political activism.  If that fact knocks him off your personal “favorites” list, you should know that this near-billionaire has done some amazingly cool things with his wealth.  Through his family’s foundation, he’s funded mobile hospitals bringing medical aid to the poor. He’s brought clean drinking water to over 70,000 people in Malawi.  And he’s poured countless millions into relief efforts following Katrina, the Asian Tsunami, and the Haitian earthquake.  One of his secrets to giving is that he doesn’t consider the money he earns as his own.  “It belongs to God,” he says.  “If it were mine, you’d not get very much of it!”

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Tom
Dr. Thomas K. Carr (aka “Dr Stoxx”) is the Founder and CEO of DrStoxx.com which publishes 4 market letters every week, in addition to offering trader education and coaching services. Dr. Carr holds a D.Phil. degree from the University of Oxford and a Masters from Princeton. For 17 years he was a tenured professor to undergraduate students. He currently is a fulltime trader, market analyst, trading systems developer, and trainer of traders. The management company he founded, Kingdom Capital, trades accounts for private clients.

Dr. Carr is author of three bestselling trading books including, Trend Trading for a Living (McGraw-Hill, 2007), which has sold over 50,000 copies, with translations in Chinese, Japanese and Korean. Dr. Carr’s insights into the markets have been published in The Wall Street Journal, US News and World Report, Investors Business Daily, and Technical Analysis of Stocks and Commodities.

Tom

Dr. Thomas K. Carr (aka “Dr Stoxx”) is the Founder and CEO of DrStoxx.com which publishes 4 market letters every week, in addition to offering trader education and coaching services. Dr. Carr holds a D.Phil. degree from the University of Oxford and a Masters from Princeton. For 17 years he was a tenured professor to undergraduate students. He currently is a fulltime trader, market analyst, trading systems developer, and trainer of traders. The management company he founded, Kingdom Capital, trades accounts for private clients. Dr. Carr is author of three bestselling trading books including, Trend Trading for a Living (McGraw-Hill, 2007), which has sold over 50,000 copies, with translations in Chinese, Japanese and Korean. Dr. Carr’s insights into the markets have been published in The Wall Street Journal, US News and World Report, Investors Business Daily, and Technical Analysis of Stocks and Commodities.

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