Prando's Asset Management - Transparently wrong

"What can you do?" he sighed. "All good things come to an end - even, apparently, investment houses choosing what they charge and how." "You don't seem terribly regretful about this conspiracy," I said. "I wouldn't say that," said the chairman. "I regret hugely that this has all come out. But I would also argue using the word ‘conspiracy' is a bit strong. For one thing, it implies a element of organisation and co-ordination, which is hardly a strength in our exalted industry." "So what would you call it then?" I asked. "A ‘fortuitous confluence of self-interest'?" the chairman suggest...