Banker's Umbrella: 'I say! How did I end up here?' Splat

If you act like a lemming, be ready for a fall

clock

Banker's Umbrella has a warning: Ride the waves of the markets by all means, but riding the biggest possible wave should not be your top priority. Your top priority should be to not drown...

It was a rather rude letter, not kind in the least, it even included some profanity. It was clear the writer of this letter was not a happy man, men who feel they have lost a lot of money seldom are. It was addressed to our CEO and was about my colleague, a portfolio manager. Said letter went into detail about the ineptitude and the general lack of basic intelligence of my colleague, calling into question his education, professionalism and so on and so forth. My colleague managed a multi-asset portfolio for this client and had taken the decision to sell an equity position in a mini...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Why the lead-up to the Budget may have been worse than the Budget itself

Why the lead-up to the Budget may have been worse than the Budget itself

What Rachel Reeves and Dr Evil have in common

Laith Khalaf
clock 13 November 2024 • 4 min read
Bank of England meets expectations with 25 basis point rate cut to 4.75%

Bank of England meets expectations with 25 basis point rate cut to 4.75%

'Continued progress' on disinflation

Valeria Martinez
clock 07 November 2024 • 2 min read
'Budget will be a reset for our economy' Reeves tells IMF colleagues

'Budget will be a reset for our economy' Reeves tells IMF colleagues

Autumn Budget on 30 October

Linus Uhlig
clock 24 October 2024 • 2 min read