For a while in both the late ’80s and ’00s, every other person you met at a dinner party (kids etc.) called themselves a property developer, or at least said they ‘were in property’. Which meant they’d done up a house, sold it at a profit and decided it was easy money. Which it very shortly wasn’t. It’s the same with the stock market. When a man fixing our boiler tipped me off about a sure-thing tech share he’d heard about at the pub, it wasn’t hard to predict the end of the .com boom. How long before we forget the Covid Crash and history repeats? A while, yet, I’d say; but history does and will always repeat, alas.
“Odey EU funds discuss restrictions on withdrawals as founder sidelined”
I’ve always been wary of so-called ‘Star Fund Managers’. These are (usually) guys who become so famous for their fantastic fund performance that they attract followers and investors in their own right and, in more often than not set up on their own and name their company after themselves.
