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Money Maze Podcast

[REPLAY] Developing a Prestigious Fine Art Photography Business - With David Yarrow of David Yarrow Photography

Money Maze Podcast

Money Maze Podcast

Business, Investing, Management, News, Business News

4.8216 Ratings

🗓️ 13 July 2021

⏱️ 45 minutes

🧾️ Download transcript

Summary

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David Yarrow is considered one of the world’s greatest photographers. 3 former US presidents have his masterpieces on 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!

To mark our latest episode release, featuring Giles English (Co-Founder of Bremont), we are re-releasing our conversation with David Yarrow thanks to the similar themes discussed. Both individuals faced significant personal hurdles on their journeys, yet both are now highly successful luxury goods entrepreneurs. They share a deep passion for their respective products, and both had stints in finance before taking the plunge into entrepreneurship. David's interview was originally recorded in June 2020.

Transcript

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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 some of the mysteries surrounding the investment business.

0:19.3

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 exploring career options,

0:41.1

we hope you gain some helpful insights and enjoy the shows.

0:45.0

Thank you for listening.

0:48.3

My guest today is considered one of the world's greatest photographers.

0:53.1

Three former US presidents have his masterpieces adorning their walls,

0:57.0

along with the string of actors and sports personalities,

1:00.0

and he oversees a multi-million dollar fine art business.

1:04.0

He's helped raise over $8 million for charity,

1:07.0

and his energy and passion for his work

1:09.0

mean that up to the outbreak of coronavirus, he'd not

1:12.2

spent 18 days in the same place in the last two years. And this is all after spending the first

1:17.5

25 years of his life in the city, first as a broker and then as a hedge fund manager, before making

1:23.8

a bold switch. Welcome today, Dave Yarrow. It's very nice to be here.

1:28.3

Maybe we can start with your upbringing and I think you were born in Glasgow. Maybe you can

1:31.9

tell me a little bit about it. My father and my father's father and my father's father built ships.

1:39.2

So they made military ships. It was a firm called Yarrow Shipyards on the Clyde, and they survived two world wars.

1:47.4

And then supplied a lot of ships to the Navy during the Falkland crisis in 1982.

1:52.0

Actually, the Argentinians, I think, sunk three of our ships in four days.

...

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