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Submit ReviewDann Bibas is a co-founder at Fountain financial services in the United Kingdom, a digital wealth manager combining new technology was certified advisors to make personalized investing more accessible. He was formerly an equity derivatives associate at Citigroup, working closely with some of the world’s largest financial institutions on equity, cross-asset and volatility products. He is also a member of the Founders of the Future community in London, the Tech Nation Founders’ Network and is a regular speaker at start-up and fintech events.
“Stock picking, for myself at least, is really difficult”
- Dann Bibas
Dann Bibas is a co-founder at Fountain financial services in the United Kingdom, a digital wealth manager combining new technology was certified advisors to make personalized investing more accessible. He was formerly an equity derivatives associate at Citigroup, working closely with some of the world’s largest financial institutions on equity, cross-asset and volatility products. He is also a member of the Founders of the Future community in London, the Tech Nation Founders’ Network and is a regular speaker at start-up and fintech events.
“Stock picking, for myself at least, is really difficult”
- Dann Bibas
“I think it’s safe to say I was very, very overwhelmed. I think we just about sold out of our positions to break even … my first one or two gray hairs came from those couple of weeks or months of investing.”
- Dann Bibas
1. Stock picking is really difficult: Because:
a. Accounting for all the many variables is a lot of hard work
b. Coping emotionally with the ups and downs of a stock and all the elements that have an impact on a single stock is also very difficult
2. Full conversion and commitment “to the faith of passive investing”
a. Because of the long-term benefits
b. Investors do actually end up outperforming stock pickers
c. He much prefers reading about wider economic growth than looking into the balance sheets of individual companies
3. Such lessons drive the advice he now gives clients at Fountain
“The end result of that is that you’re taking on risk that you don’t necessarily know about for that person. And the world doesn’t care.”
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