And why Asset Managers can be happy (at least about 2 things)


There is an old story about the Great Depression. After the crash in 1929, a reporter went to a bar close to Wall Street and asked the bartender how he might be affected by what had transpired. He replied, “It doesn’t matter. In the good times, I sell champagne. In the bad times, I sell beer. I make the same amount of money either way.”

Living in London after “Independence Day” is a pretty humourless affair (apparently the new movie is too – how ironic)....

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