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Vanity, sanity, reality

“Our greatest assets are our people”.This is one of the most trite, overused phrases in modern business – but that doesn’t stop it being used constantly by many investment management firms. Of course, like all modern business jargon it’s a blindingly obvious truism, and so arguably therefore, not too offensive. However, what irritates me is…
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1 + 1 = 1.5

As I get older – and perhaps more cynical, I find that the more the asset management industry gets excited by things that are new, different and radical; the more I seem to find that those same new, different and radical developments are really just a return of ideas from the past.  Normally, of course,…
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Umbrellas in the rain

“A banker is a fellow who lends his umbrella when the sun is shining and wants it back the minute it begins to rain.”Mark Twain In the last few weeks I have come across several people trying to start up new businesses here in the UK. Starting a business is a bold step at the…
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