“Never invest in the stock market. Invest in individual businesses.” – Foster Friess
Foster Friess founded Friess Associates with his wife Lynn in 1974. His investment strategy, based on the premise that individual-company fundamentals drive stock prices, generated strong results for the portfolios he managed on behalf of institutions and high-net-worth individuals over the firm’s first decade.
At the end of 1985, Friess Associates launched Brandywine Fund to handle smaller investments from family, friends and others drawn to the firm’s research-driven approach. Brandywine Blue Fund followed in 1991. The subsequent success of the Brandywine Funds helped put Friess Associates among the industry’s most notable boutique growth-equity managers by the start of the new millennium. As his firm grew and the financial press noted his accomplishments, Foster became one of the best known growth stock investors of the period.
Although more active than many people half his age, Foster is no longer involved in the day-to-day operations of Friess Associates. Among their many philanthropic commitments, Foster and Lynn, through the Friess Family Foundation, support mobile medical vans in needy U.S. neighborhoods, provide clean drinking water in Malawi, Africa, and assist in natural disaster relief efforts around the world. Foster received the Muhamad Ali Humanitarian Award and Childhelp’s Spirit of the Children Award, among other honors.