Both the city of Los Angeles and Goldman Sachs have now joined the ranks of Fidelity, the Michigan Retirement Fund, the Iowa Public Employees Retirement System, the New Hampshire Retirement System and the Philadelphia Board of Pensions in pulling their money out of Fisher's firm, according to Bloomberg.

The LA pension board called a special meeting on Thursday to discuss their contract with Fisher and L.A. pension commissioner Brian Pendleton said: "Fisher's words reach millions and only do damage. Other pension funds are going to come to the same conclusion and we shouldn't be the last ones to turn the lights off."

Fisher Investments CEO Damian Ornani apologized to the LA pension board, stating: "I really apologize sincerely. He does too. He understands what he did. This will not happen again. This is not who Fisher Investments is. This is not who Ken Fisher is."

The irony, of course, is that Fisher is hardly alone: in fact, the more an investor protests, the more likely they have one or more men who say the same, if not worse, as Fisher. And yet, with the magic of virtue signaling, if one pulls their money it is somehow seen - internally at least - as redemption for their sins.