4.8 • 216 Ratings
🗓️ 18 June 2020
⏱️ 45 minutes
🧾️ Download transcript
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Dave Yarrow is considered one of the world’s greatest photographers. 3 former US presidents have his masterpieces adorning their walls, along with a string of actors and sports personalities and he oversees a multi million dollar fine-art business.
He has helped raise $8 million for charity, and his energy and passion for his work mean that up to the outbreak of coronavirus, he had not spent 18 Days in the same place in the last 2 years.
This is all after spending the first 25 years of his life in the city, first as a broker and then starting his own Hedge Fund, Clareville Capital, which he ran for 17 years.
Dave Yarrow talks about his youth, growing up in Glasgow, and his passion for photography that led him to take the iconic shot of Maradona in the Azteca Stadium, trophy aloft, at the 1986 Mexico World Cup. He talks about his reasons for joining the City, and the journey from broking to establish his own hedge fund, Clareville Capital in 1997. He gives a frank assessment of the highs and lows of managing money, and the capricious nature of the investing community.
Having continued to take photographs, and with marital and business difficulties weighing on him, he takes the leap to start DY Photography. This second career reveals an enthralling story into a world which required developing new skills and understanding where the opportunity lay. As with money management the key lay in great groundwork and research before careful execution.
He describes how he became “a photo-maker, not a photo-taker” and how he has grown a business built on extraordinary shots, with compelling animals, people, and iconic settings and shots. He talks about navigating the maze of social media and helping raise over $8 million for charities. Finally, he gives his advice for today’s youth thinking about their future. What a journey.
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0:00.0 | Welcome to the Money Maze podcast. I'm Simon Brewer, and we've created this show to explore and unravel |
0:15.4 | some of the mysteries surrounding the investment business. And we hope through direct and insightful interviews with |
0:22.3 | masters of the real-life money maze, we're going to learn about different approaches to |
0:27.5 | allocating capital, making investment and business decisions, and navigating the pitfalls that line |
0:34.2 | the paths to prosperity. Whether you're a current or aspiring investor or a student |
0:39.3 | exploring career options, we hope you gain some helpful insights and enjoy the shows. Thank you for |
0:45.6 | listening. My guest today is considered one of the world's greatest photographers. Three former |
0:53.6 | US presidents own his masterpieces, |
0:56.6 | along with a string of actors and sports personalities, and he oversees a multi-million dollar |
1:02.2 | fine art business. His help raised $8 million for charity, and his energy and passion for his work |
1:09.2 | mean that up to the outbreak of coronavirus, he'd not spent |
1:12.5 | 18 days in the same place in the last two years. And this is all after spending the first 25 years of |
1:19.3 | his career in the city, first as a broker and hedge fund manager before making a bold switch. |
1:25.8 | Welcome today, Dave Yarrow. |
1:27.8 | It's very nice to be here. Maybe we can start with your upbringing and I think you're |
1:31.5 | born in Glasgow. Maybe you can tell me a little bit about it. My father and my father's father |
1:36.5 | and my father's father built ships. So they made military ships. It was a firm called |
1:43.5 | Yarrow Shipyards on the Clyde, and they survived two world wars |
1:47.6 | and then supplied a lot of ships to the Navy during the Falkland crisis in 1982. |
1:52.8 | Actually, the Argentinians, I think, sunk three of our ships in four days. |
1:56.7 | But they didn't survive the rampant trade unionism in Glasgow, which was rife at the time. |
2:02.6 | And also the decline of shipbuilding in Great Britain. |
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