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.”
Foster has devoted significant resources to philanthropy. In 1999, the “Champ” himself awarded Foster the Muhammad Ali Humanitarian Award, and in 2000, at the National Charity Awards Dinner in Washington, D.C., Foster was named the “Humanitarian of the Year,” following in the footsteps of Coretta Scott King, Bob Hope, President George H.W. Bush, and Lady Bird Johnson. In 2009, Foster received the “Benefactor of the Year” Paul Weyrich Award. In 2010, he received the “Spirit of the Children Award,” given annually to Childhelp supporters who have generously given their time and good fortune to children’s causes.
As a top priority, Foster helps peaceful Muslims transcend the seventh-century ideology of coercion, intimidation, and violence that threatens us and them.
Foster is also interested in “augmenting the news” to make it more informative and fair, and he is the major investor in the Daily Caller news website led by Tucker Carlson.
Through his web presence at FosterFriess.com and his Campfire Blog, Foster works to promote the Founding Father principles of free enterprise, limited constitutional government, fiscal responsibility, and traditional American values. He believes we can find effective, innovative private sector solutions to many of the problems we face.