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Foster Friess

Foster Friess

Investment Manager — field_542d8190101fc

Born in Rice Lake, Wisconsin in 1940, Foster Friess is a first-generation college graduate. His mother dropped out of school in the eighth grade to pick cotton in order to save the family farm in Texas. His father dealt cattle and horses. At the University of Wisconsin, Foster earned a degree in business administration, served as president of his fraternity, was named one of the “ten most outstanding senior men,” and won the heart of “Badger Beauty” and Chi Omega president Lynnette Estes, whom he married in 1962. Two sons, two daughters, and thirteen grandchildren followed. Lacking enthusiasm about the prospects of being drafted as a private first class foot soldier, Foster enrolled in the Reserves Officer Training Corp at the University of Wisconsin. He trained as an Infantry Platoon Leader and served as an Intelligence Officer for the First Guided Missile Brigade in El Paso, TX. In 1974, Foster and Lynn launched Friess Associates. The firm’s flagship, the Brandywine Fund, averaged 20 percent annual gains in the 1990s, causing Forbes magazine to name it one of the decade’s top mutual funds. Business Week heralded him as the “longest surviving successful growth stock picker” and CNBC’s Ron Insana dubbed him one of the “century’s great investors.” Amidst this professional success, Foster says that his personal life struggled. Behind the scenes, he had “a marriage flirting with divorce and emotionally distant children.” Facing these challenges and bored with his success, he was receptive to Blaise Pascal’s notion: “Within each person is a God-shaped vacuum that only God can fill.”

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