Former Mutual Fund Manager Lashes Out Against Industry (PODCAST)

Episode 12

This week’s episode is now  available on iTunes (You have to click through to “view in iTunes”). You can also just use the embedded player or MP3 download below to listen to it right away.

This week:

  • The former Chairman of Sprott Asset Management, Peter Hodson, quit Bay Street and a lucrative job to take over Canadian Money Saver magazine and to educate Canadians on what they really need to know, and how the industry is beset with high fees and low morals. A FANTASTIC interview.
  • Audio of a Ferrari 430 GT racecar I had the privilege of driving at the Las Vegas Motor Speedway

Ratings on iTunes are appreciated :)

If you enjoy the podcast, please use the iTunes link to give it a rating (or even a review) if you have an iTunes account. Your reviews help get the podcast get noticed, which helps to attract high profile guests.

Interested in being a guest?

If you would like to be a guest on the show, drop me a line at preet@preetbanerjee.com. Investors, advisors, fund managers, bloggers, whomever. Remember, it’s “mostly money” which means sometimes it won’t be about money.

Preet Banerjee
Preet Banerjee
...is an independent consultant to the financial services industry and a personal finance commentator. You can learn more about Preet at his personal website and you can click here to follow him on Twitter.
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Showing 9 comments
  • Lucy Anglin

    I really enjoyed your interview with Peter Hodson. I have been a subscriber to Canadian Moneysaver since 1981 when it was first published. The articles in the magazine have helped me to invest on my own for over 30 years. I have had DRIPS since then (and most of the family as well) and have done what I can to educate friends and family about the high cost of investing in mutual funds. My daughter’s BCE drip (started in 1988) spun off Nortel which I sold at $120/share and investing in several other drips. This monthly government allowance money (no added gifts) grew to pay her way through university…. and no fees along the way. The article made it into the Canadian Moneysaver and is called Another Successful DRIP Story in the May 1999 issue. Thanks for your excellent interview with Peter Hodson.

    • Preet

      Wow Lucy, that’s amazing! You should ask them about a follow up article.

      Glad you enjoyed the interview. Cheers

    • Mike

      Great Lucy. Bragging about your Nortel win: uhhh, you might want to check that.

      Does MoneySaver also publish stories about DRIP failures?

  • Jessop Small

    Interview begins at 4:44.

  • Mike

    Conscience caught up with this guy? You don’t need 29 years of experience to discover the truth about the sleazeball investment industry.
    In fact, that information is old news available to anyone with an interest and half a brain.

  • Susan heinsman

    Peter has made a lot of money. He no longer NEEDS to work. VERY biased. all of a sudden (after he made A LOT of money), he now cares about the investor???

    Wake up Preet.

    • Preet

      Duly noted, but I’m awake enough to note that your IP address is coming from a mutual fund company. So there’s bias there, too, potentially.

      • Robb

        +1

  • Aman

    Great interview. I guess these types of “confessions” (the other notable was that gentleman from Goldman who wrote his mea culpa in the Times) create a chicken/egg concept. What’s more credible, someone on the inside who’s benefitted from the excesses or I guess the rest of us at the balcony level who can see at times (or think we can) through the haze. You can go either way. I guess at the end of the day, it’s about facts and Mr. Hodson’s accounts are consistent with what has been public knowledge.