September 13, 2017
11:30am – Noon – Networking
Noon – 1:00pm – Lunch and Presentation

Intercontinental Hotel • 401 Ward Parkway Kansas City MO 64112

“The Mission: Stewardship & Long-Term Active Investing”

During the past 20 years, the investment management culture has changed. Asset gathering is the primary goal for many and benchmark/peer risk is viewed to be more important than capital risk: a fool’s errand indeed. This has not served investors well and will eventually result in permanent damage to the investment management business. The corrective action is to reassume fiduciary responsibilities and focus on fundamental research and security analysis.

There is no substitute for simply doing the work necessary to analyze a company‘s business, financials, management effectiveness, and to determine the value of the stock. Investors and investment managers who adhere to these principles will be rewarded handsomely.

About Fred H. Speece, Jr., CFA

Fred H. Speece, Jr., CFA, has 47 years of experience in the investment management business and is founder of the investment management firm of Speece Thorson Capital Group, Inc. in Minneapolis. He is past chair of the Board of Governors of the CFA Institute, Board of Trustees of the Research Foundation of CFA Institute, Institute of Chartered Financial Analysts, and Financial Analysts Seminar. The CFA Institute awarded him with the Alfred C. Morley Distinguished Service Award and the C. Stewart Sheppard Leadership Award. The CFA Institute Research Foundation inducted him into the Leadership Circle. He has been an adjunct faculty member in the Graduate School of Business at the University of St. Thomas and the University of Minnesota. He holds a BBA from Ohio University and an MBA from Western Michigan University and is a CFA Charterholder and a member of the CFA Society of Minnesota. He frequently speaks on investing at CFA Institute conferences and local analyst societies around the country.

$10 – CFA KC Members & Guests

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