General Investing >> Money Manager Interviews >> July 27, 1998
Jack W. FISHER is President of Wilson/Bennett Capital Management, Inc.
Upon graduation from Virginia Tech in 1976 with a B.S. in Accounting,
Jack Fisher accepted a position with the Public Utility Commission of
Texas as Assistant Director of Economic Research. In 1976, the Texas
Railroad Commission transferred regulatory authority of all Public
Utilities in Texas to the newly formed Public Utility Commission in
Texas. As Assistant Director Economic Research, Jack was responsible for
conducting economic impact studies as they related to various public
utilities within the State. In addition to economic oversight, the
Department was responsible for providing expert witness testimony during
rate proceedings conducted by Commission. When his tenure at the Public
Utility Commission ended in 1978, Jack returned to Virginia. Sparked by
an interest in the stock market, he entered the securities industry. His
experience in the industry has been varied and extensive. As one of E.
F. Hutton's youngest branch managers, Jack quickly moved up the
corporate ladder, ultimately landing with E. F. Hutton Capital
Management. Hutton Capital Management was responsible for the portfolio
management and marketing of E. F. Hutton & Company's mutual funds and
annuities. Shortly before Hutton merged with Shearson Lehman Brothers,
Jack left Hutton to co-found Wilson/Bennett Company. Wilson/Bennett
Company later spun off Wilson/Bennett Capital Management ('WBCM'), which
is a large capitalization value manager. WBCM currently manages
approximately $350 million in client funds. Clients consist of
individuals, pension plans, endowments and investment companies. As
portfolio manager, Jack is responsible for all buy/sell decisions and
ultimately the total performance of all accounts. Nelson's Publications,
an independent tracking service, has ranked Wilson/Bennett Capital
Management the number one large capital value manager in the country for
the trailing ten years. Profile
adhering to a rigid buy and sell discipline. First of all, what goes
into a buy decision? Where do you start?
Mr. Fisher:
