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Laura Geritz

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2024-01-21
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2024-01-21
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  1. When I came back from Japan, I wasn't taking business classes or finance courses, but I was reading the Wall Street Journal and reading at college. And I was interested in finance and money. But I just didn't know anything about the industry. You know, there was no one who, I didn't have a mentor who taught me about the industry and that there were jobs in this field. So when I came back from Japan, you know, I wanted to do something global. I didn't still didn't know about the asset management industry. My father said to me, you know, there's this fantastic company in Kansas City. And the timeframe, it was 20th century, not American century. And it was, they were hiring bilingual client relations representatives. And he said, this is one of the top 100 companies you can work for in the country. So, you know, why don't you try to get a job there? And so I had gone to interviews in New York. And my husband, you know, this was sort of goes back to my husband, who is also a guy from Western Canada.

    2024-01-21 · We Study Billionaires · RWH040: Go Global w/ Laura Geritz · IDENTIFIED FROM THE TRANSCRIPT

  2. I probably wore a chip on my shoulder from that for a long period of time. You know, it was probably eight to ten years in where sort of I lost that ship and that was a really free and experience, you know, because I think probably if you look at the education I've given myself, it rivals some of the best educations I intentionally seek out knowledge. So I read prolifically and take courses when I don't have to. And so it took me a while to get over that. I think you're definitely at a disadvantage by not having that education early on in the industry

    2024-01-21 · We Study Billionaires · RWH040: Go Global w/ Laura Geritz · IDENTIFIED FROM THE TRANSCRIPT

  3. My parents, sorry to broad too. They had quirky degrees, you know, English, but then also minored in art, you know. So my father and mother had actually did a study abroad program in Mexico. I grew up with parents who wanted to see the world and thought it was important to understand the world.

    2024-01-21 · We Study Billionaires · RWH040: Go Global w/ Laura Geritz · IDENTIFIED FROM THE TRANSCRIPT

  4. in love with the culture and the literature of Japan but I can see the way it prepared me for what I do. There was this one period of times we talked about technology further where I looked after I'd gotten in the industry and said what makes a great portfolio manager and I mean you know we spend some of our time in spreadsheets I think in our earlier years when we're really learning app counting and numbers and math you spend a lot of time in spreadsheets but that sort of evolves over time and one of the things about portfolio managers is it is this multidisciplinary industry I have to be able to go public speak and talk to clients in a way that they can understand and write and read and and think my father would always say you know liberal arts taking you know studying liberal arts is it's about how to think not necessarily what you study so that's why I think that education is so important it taught me how to think

    2024-01-21 · We Study Billionaires · RWH040: Go Global w/ Laura Geritz · IDENTIFIED FROM THE TRANSCRIPT

  5. Think the time frame I was going to college was this period, I think, of the original kind of freedman the world is flat era, right? You had the fall of the Berlin Wall, you had the opening of China, you had, when I was in school, I was taking South African history from a far site crumbled. So you had this sort of great period of globalization starting. And I think here was aware of that in a school, in this international education would differentiate me from sort of everyone else. And so that's part of why I studied, you know, what I studied also just as a challenge in studying at the time frame Japanese because it's still known today if you're an English speaker as one of the five hardest languages, you know, according to the CIA anyway for English speakers to learn. So there was a challenge in learning this language. I didn't fall in love with the culture and saw later, I guess when I was living there was when I really felt.

    2024-01-21 · We Study Billionaires · RWH040: Go Global w/ Laura Geritz · IDENTIFIED FROM THE TRANSCRIPT

  6. One of those wonderful papers, you know, that'll put you straight to sleep at night. Only one of those things that's only done in academia, right? This very narrow study. But yes

    2024-01-21 · We Study Billionaires · RWH040: Go Global w/ Laura Geritz · IDENTIFIED FROM THE TRANSCRIPT

  7. Go, I'll pay 10 cents a beach if you go out and pick the peaches off the ground. And I kind of look down and I'm like, I don't think my mom realizes there's thousands of peaches on the ground. So I went out and did that. And I'm like, my mom's like, what do I owe you? I'm like, you owe me $100. You know, that was a lot of money back then. So, you know, I benefited from that. And for my father, it was, you can have $5 a week where you can, I'm going to put all my change when I come home in a jar and you can have my change. I said, you know, I watch my father's habits for a little while. And I said, I'm going to take the change. Then I ended up having the highest allowance in school by far. And that's when I acquired the nickname Money Bags because every time you got in the car with me, you know, I had these bags that were jingling because they were full of change. So I grew up playing these games when I was little and always enjoyed them.

    2024-01-21 · We Study Billionaires · RWH040: Go Global w/ Laura Geritz · IDENTIFIED FROM THE TRANSCRIPT

  8. You talk about gaming and you're liking games, you know, I grew up playing games. Like I said, I really benefited as a child from my parents' lack. They're great at a lot of subject science, literature, all sorts of subjects, but math was maybe not their specialty. So there were times when my mom, I remember one time she said, will you?

    2024-01-21 · We Study Billionaires · RWH040: Go Global w/ Laura Geritz · IDENTIFIED FROM THE TRANSCRIPT

  9. Even my dad has never been interested in more, you know, like they live. I mean, my grandparents, if you look at my grandparents on my father's side, they actually had a lot of wealth from farming, but you never saw that in their disposition. They lived far below their means. They were very frugal. So that sort of personality or that sort of, I guess you would say, philosophy of frugality was prevalent in my family, even though they weren't fairly affluent for the small town in western Kansas. So for sure I grew up with this mentality or notion of frugality.

    2024-01-21 · We Study Billionaires · RWH040: Go Global w/ Laura Geritz · IDENTIFIED FROM THE TRANSCRIPT

  10. I mean, all of it, you know, the notion of resilience and win by not losing because, you know, my grandparents, my other grandparents came in from a factory environment. They're all very conservative people. They live through World War II, the Depression. And I just grew up with this notion of resilience, of being able to survive through anything. So, and also just this longer-term view and perspective on life. So yes, I'm a big fan of herself. Actually, I was just reading his last chapter on sort of a revised Ramanda in securities analysis on Glotrotting. But yes, I'm a big fan of the notion of planting seeds. When you're investing.

    2024-01-21 · We Study Billionaires · RWH040: Go Global w/ Laura Geritz · IDENTIFIED FROM THE TRANSCRIPT

  11. On Wall Street. No, I knew nothing about the investment industry or asset management growing up. You know, my father was a literature professor. My mother was a scientist. So I grew up in this sort of interdisciplinary household, a world of literature and science and books. And I didn't discover investment management or asset management until I got a lot older. And just my farm, my family farm or my father's farm, at least we still hold today. My aunt and uncles live on that farm. It's called Longview Farm. We thought about, actually, we thought about calling Roger Longview Farm with it, you know, in the world of sort of protecting your neighbor, making sure you don't have this sort of, you know, name that's more common. It wasn't protected enough. The patent lawyers kind of disputed the name, so we went with Roger, which has a different sort of meaning. But yeah, my family farm was called Wongheed Farm.

    2024-01-21 · We Study Billionaires · RWH040: Go Global w/ Laura Geritz · IDENTIFIED FROM THE TRANSCRIPT

  12. I grew up in western Kansas, town called Hayes, Kansas, and for those of you who read, think in cold blood, you know, the beginning of these sort of fields of weeds. For those of you who prefer movies, think of dances with wolves. I don't know if you remember the scene at the opening of Dances with wolves. It's sort of Fort Hayes is where I grew up. And this is the last sort of bastion of civilization back in the time when Westford expansion. I think that sort of perfectly sums up where I grew up on the plains in this flat place, you know, a really beautiful place.

    2024-01-21 · We Study Billionaires · RWH040: Go Global w/ Laura Geritz · IDENTIFIED FROM THE TRANSCRIPT