Archive for June, 2019

Here today, still here tomorrow

Monday, June 17th, 2019

The business lunch seems to have gone the way of the fax machine, filofax or knocking off early on a Friday afternoon, a relic of a bygone time. I’m lucky if I get two in a year, so two in a week is riches indeed, and two in consecutive days comes around as often as Halley’s Comet.

But this is the situation I found myself in last week. Given the fact that my companions were people I had known for many years, and I was not needed to impress them with either my etiquette or flashness of the restaurant, the conversation naturally turned to families, shared experiences and laughter.

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Too good to be true

Monday, June 10th, 2019

The Neil Woodford story is the latest, if most high profile, crisis to hit the pensions and investment market. It is too much to call it a scandal because, as far as I can make out, he hasn’t actually done anything wrong.

What Woodford had been offering appeared to be cast iron investments, not some get rich quick Ponzi scheme. He wouldn’t have been able to become as successful as he has without stockbrokers and fund managers wanting to invest their clients’ funds in his portfolios, and being too lazy to actually assess whether the results would be there.

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